|BNLB - .0863 Net income of $326.6K for 2011. Profit would have been $890.6K if not for one time charges. This is from the 10K: |
Net income for the years ended December 31, 2011 was $326,652, compared to a net loss of $3,178,031 for the year ended December 31, 2010. The net income achieved in the year ended December 31, 2011 compared to the net loss achieved in the year ended December 31, 2010 is due to substantially increased sales in the recently completed fiscal year, the elimination of lower margin products attributed to our Fusion Premium Beverages division during the recent completed fiscal year, and the introduction of additional products offering higher margins. The net loss for the year ended December 31, 2011 included several charges and expenses, which management believes are non-recurring in nature including (i) a net loss of $298,109 attributable to the Fusion Premium Beverages division, (ii) a net loss of $15,853 attributable to Vista Bottlers, Inc., and (iii) a $250,000 litigation reserve established in connection with the pending DOL litigation. Excluding each of the foregoing matters, net income for the year ended December 31, 2011 would have been $890,614.