CREDITRISKMONITOR.COM, INC.STATEMENTS OF INCOME

FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010
       
    2011 2010
       
       
Operating revenues   $10,154,200 $9,343,011
       
Operating expenses:      
  Data and product costs   2,937,279 2,429,745
  Selling, general and administrative expenses   5,842,302 5,102,805
  Depreciation and amortization   162,482 133,564
       
    Total operating expenses   8,942,063 7,666,114
       
Income from operations   1,212,137 1,676,897
Other income, net   98,592 23,443
       
Income before income taxes   1,310,729 1,700,340
Provision for income taxes   (402,140) (687,030)
       
Net income   $908,589 $1,013,310