AboutGolf Comparative P&L  (Bales CEO through 2009)

Year	2006	2007	2008	2009	2010	2011
Sales	9,056	10,663	10,688	9,915	12,328	15,560
COGS	4,499	5,127	4,718	4,309	5,419	7,424
Expense	2,259	3,046	3,567	3,908**	5,413**	6,223**
Income	2,298*	2,490*	2,403*	1,698*	1,496*	1,913*

All numbers x1000
*Income consolidates royalties paid to founding/largest member 
**Bales out of spending and management 2009/still in sales

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