GTIM » Topics » Net Loss

This excerpt taken from the GTIM 10-Q filed May 15, 2009.

Net Loss

The net loss was ($481,000) for the three months ended March 31, 2009 compared to a net loss of ($370,000) for the same prior year period. The change from the three month period ended March 31, 2008 to March 31, 2009 was primarily attributable to the increase in loss from operations for the three months ended March 31, 2009, as well as: 1) a decrease in minority interest expense of $39,000 compared to the same prior year period; and 2) an increase in net interest expense of $64,000 compared to the same prior year period, which is primarily related to the $2,500,000 PFGI II line of credit.

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The net loss was ($1,247,000) for the six months ended March 31, 2009 compared to a net loss of ($625,000) for the same prior year period. The change from the six month period ended March 31, 2008 to March 31, 2009 was primarily attributable to the increase in loss from operations for the six months ended March 31, 2009, as well as: 1) a decrease in minority interest expense of $105,000 compared to the same prior year period; 2) an increase in net interest expense of $108,000 compared to the same prior year period; and 3) a $116,000 unrealized loss in the current period related to our interest rate swap liability.

This excerpt taken from the GTIM 10-Q filed Feb 20, 2009.

Net Loss

The net loss was ($766,000) for the three months ended December 31, 2008 compared to a net loss of ($255,000) for the same prior year period. The change from the three month period ended December 31, 2007 to December 31, 2008 was primarily attributable to the increase in loss from operations for the three months ended December 31, 2008, as well as: 1) a decrease in minority interest expense of $64,000 compared to the same prior year period; 2) an increase in net interest expense of $38,000 compared to the same prior year period; and 3) the current period includes a $119,000 unrealized loss related to our interest rate swap liability.

EXCERPTS ON THIS PAGE:

10-Q
May 15, 2009
10-Q
Feb 20, 2009
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