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ELECTRONIC SYSTEMS TECHNOLOGY, INC. DBA ESTEEM WIRELESS MODEMS STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011 (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
SALES - NET $ 2,113,816 $ 1,791,741
COST OF SALES 921,488 797,973
GROSS PROFIT 1,192,328 993,768
OPERATING EXPENSES 1,149,226 1,195,051
OPERATING INCOME (LOSS) 43,102 (201,283)
OTHER INCOME    
Interest income 7,420 9,664
Other income   4,166
TOTAL OTHER INCOME 7,420 13,830
INCOME (LOSS) BEFORE INCOME TAXES 50,522 (187,453)
PROVISION (BENEFIT) FOR FEDERAL INCOME TAXES 26,400 (57,463)
NET INCOME (LOSS) $ 24,122 $ (129,990)
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE $ 0.00 $ (0.03)
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC AND DILUTED 5,158,667 5,158,667