CAVU Resources, Inc. ("CAVU"), which trades as OTC:CAVR.PK, announce that the company filed its six month 2012 financials.
During the six months ended June 30, 2012, the Company had $1,738,703 in revenues compared to $1,600,638 for the six months ended June, 2011. During the quarter ended June 30, 2012, net operating gain totaled $1,156,521 compared to net operating gain for the quarter ended June 30, 2011 of $1,600,638.
All of the Company's revenues during these two periods were derived from the sales of the Company's gas and oil revenues and the sale of investment equipment, assets and related services performed. For the six months ended June 30, 2012 general and administrative expenses totaled $823,646 compared to the six months ended June 30, 2011 which such expenses totaled $722,626. As of June 30, 2012, the Company had current assets of $4,386,981 and total assets of $8,489,405. At June 30, 2012, the Company had total liabilities of $2,596,933.