Innovative Card Technologies, Inc.

(NASDAQ:INVC)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Operating revenue
Total Revenue 840 800 217 442
Operating Revenue 840 800 217 442
Adjustments To Revenue — — — —
Cost Of Sales 1,151 430 -131 -503
Cost Of Sales With Depreciation 984 860 137 277
Gross Operating Profit -310 370 348 945
Operating Expenses
Research And Development Expenses 98 119 180 441
Selling General And Administrative Expenses 1,666 1,992 1,832 4,426
Advertising Expenses — — — —
Operating Income Before Depreciation -2,074 -1,741 -1,664 -3,922
Operating Income -1,908 -2,171 -1,931 -5,027
Depreciation -166 430 267 105
Depreciation Unreconciled — — — -674
Amortization — — — —
Amortization Of Intangibles — — — —
Operating Income After Depreciation -1,908 -2,171 -1,931 -4,027
Non Operating Expenses
Interest Expense 498 420 165 9
Pre Tax Income -1,562 -801 -1,962 -5,027
Income Taxes — — 1 —
Minority Interest — — — —
Income Before Income Taxes -1,562 -801 -1,962 -5,027
Net Income From Continuing Operations -1,562 -801 -1,962 -5,027
Net Income From Discontinued Operations — — — —
Net Income From Total Operations -1,562 -801 -1,962 -5,027
Non Recurring Events
Extraordinary Income Losses — — — —
Income From Cummulated Effect Of Accounting Changes — — — —
Income From Tax Loss Carryforward — — — —
Other Gains And Losses — — — —
Total Net Income -1,562 -801 -1,962 -5,027
Normalized Income -1,562 -801 -1,962 -4,027
NetIncome Available For Common -1,562 -801 -1,962 -5,027
Preferred Dividends — — — —
Excise Taxes — — — —