I'm looking at an income statement and confused at how to interpret its figures. I understand what gross profit, operating profit, and net profit are. The statement I'm looking at says that the company had a revenue of 220,000 and a cost of revenue of 840,000 making its gross profit -620,000. I understand that. The company spend more money than its sales brought it.
What i don't understand is that then the statement says its total operating expense is -2,450,000 and its operating income is 2,670,000. I don't understand how the operating expense can be negative and how the final operating income can be higher and positive?
The company had an unusual expense of -4,180,000.
Please help! Thank you.