Please identify the biggest red flags:

Years Ended December 31 20082006 (Expressed in U.S. Dollars) Operating revenue (Note 21) Sales of goods Franchise income Other operating revenue Net operating revenue Operating costs (Note 21) Cost of goods sold Cost of franchising Other operating costs \begin{tabular}{rrr} (3,357,441) & (3,154,509) & (2,684,650) \\ (368,061) & (451,469) & (337,986) \\ (1,777,862) & (491,869) & (616,102) \\ \hline \end{tabular} Total operating costs Gross profit Advertising costs Other operating expenses Profit from operations Interest expense, net (Note 12) Share of profit (loss) of investments Other nonoperating income (loss), net Profit before income taxes and minority interest 986,39624,7892,256,627552,611151,577(153,803) income Income taxes (expense) benefit (Note 7) Income (loss) after income taxes Minority interest income Net income (loss) Years Ended December 31 20082006 (Expressed in U.S. Dollars) Operating revenue (Note 21) Sales of goods Franchise income Other operating revenue Net operating revenue Operating costs (Note 21) Cost of goods sold Cost of franchising Other operating costs \begin{tabular}{rrr} (3,357,441) & (3,154,509) & (2,684,650) \\ (368,061) & (451,469) & (337,986) \\ (1,777,862) & (491,869) & (616,102) \\ \hline \end{tabular} Total operating costs Gross profit Advertising costs Other operating expenses Profit from operations Interest expense, net (Note 12) Share of profit (loss) of investments Other nonoperating income (loss), net Profit before income taxes and minority interest 986,39624,7892,256,627552,611151,577(153,803) income Income taxes (expense) benefit (Note 7) Income (loss) after income taxes Minority interest income Net income (loss)