Three Months
Ended
|
Years Ended
|
|||||||||||||||
December 31,
2007
|
December 31,
2006
|
December 31,
2007
|
December 31,
2006
|
|||||||||||||
Net (loss), as
reported
|
$ | (5,449,127 | ) | $ | (5,134,186 | ) | $ | (20,391,110 | ) | $ | (27,437,116 | ) | ||||
Net loss attributed to MSTI
segment
|
3,077,829 | 1,255,135 | 7,120,380 | 3,272,478 | ||||||||||||
Net loss attributed to Telkonet
segment
|
(2,371,298 | ) | (3,879,051 | ) | (13,270,730 | ) | (24,164,638 | ) | ||||||||
Interest (income) expense,
net
|
245,106 | (159,517 | ) | 144,109 | 5,060,844 | |||||||||||
Depreciation and
amortization
|
94,690 | 53,461 | 410,021 | 220,898 | ||||||||||||
EBITDA attributed to Telkonet
segment
|
(2,031,502 | ) | (3,985,107 | ) | (12,716,600 | ) | (18,882,896 | ) | ||||||||
Adjustments:
|
||||||||||||||||
Loss on early extinguishment of
debt
|
- | - | - | 4,626,679 | ||||||||||||
Gain on sale of
investment
|
(1,868,956 | ) | - | (1,868,956 | ) | - | ||||||||||
Stock based
compensation
|
438,226 | 265,086 | 1,695,846 | 1,358,239 | ||||||||||||
Adjusted
EBITDA
|
$ | (3,462,232 | ) | $ | (3,720,021 | ) | $ | (12,889,710 | ) | $ | (12,897,978 | ) | ||||
2007
|
2006
|
|||||||
Revenues,
net:
|
||||||||
Product
|
$ | 9,168,077 | $ | 3,092,967 | ||||
Rental
|
4,984,656 | 2,088,361 | ||||||
Total
Revenue
|
14,152,733 | 5,181,328 | ||||||
Cost
of Sales:
|
||||||||
Product
|
7,165,120 | 2,062,399 | ||||||
Rental
|
4,505,476 | 2,418,260 | ||||||
Total
Cost of Sales
|
11,670,596 | 4,480,659 | ||||||
Gross
Profit
|
2,482,137 | 700,669 | ||||||
Operating
Expenses:
|
||||||||
Research
and Development
|
2,349,690 | 1,925,746 | ||||||
Selling,
General and Administrative
|
17,897,974 | 14,346,364 | ||||||
Impairment
Write-Down in Goodwill of Subsidiary
|
1,977,768 | - | ||||||
Impairment
Write-Down in Long Lived Assets of Subsidiary
|
493,512 | - | ||||||
Impairment
Write-Down in Investment in Affiliate
|
- | 92,000 | ||||||
Non-Employee
Stock Based Compensation
|
470,220 | 277,344 | ||||||
Non-Employee
Stock Based Compensation of Subsidiary
|
337,500 | - | ||||||
Employee
Stock Based Compensation
|
1,225,626 | 1,080,895 | ||||||
Employee
Stock Based Compensation of Subsidiary
|
308,634 | - | ||||||
Depreciation
and Amortization
|
878,766 | 540,906 | ||||||
Total
Operating Expenses
|
25,939,690 | 18,263,255 | ||||||
Loss
from Operations
|
(23,457,553 | ) | (17,562,586 | ) | ||||
Other
Income (Expenses):
|
||||||||
Gain
on Sale of Investment in Affiliate
|
1,868,956 | - | ||||||
Registration
Rights Liquidated Damages of Subsidiary
|
(500,000 | ) | - | |||||
Loss
on Early Extinguishment of Debt
|
- | (4,626,679 | ) | |||||
Other
Income
|
- | - | ||||||
Interest
Income
|
116,043 | 327,184 | ||||||
Interest
Expense
|
(1,328,624 | ) | (5,594,604 | ) | ||||
Total
Other Income (Expenses)
|
156,375 | (9,894,099 | ) | |||||
Loss
Before Provision for Income Taxes
|
(23,301,178 | ) | (27,456,685 | ) | ||||
Minority
interest
|
2,910,068 | 19,569 | ||||||
Provision
for Income Tax
|
- | - | ||||||
Net
(Loss)
|
$ | (20,391,110 | ) | $ | (27,437,116 | ) | ||
Loss
per common share (basic and assuming dilution)
|
$ | (0.31 | ) | $ | (0.54 | ) | ||
Weighted
average common shares outstanding
|
65,414,875 | 50,823,652 |