Mopals.com Inc. said its normalized net income for the first quarter came to a loss of $338,140, compared with a loss of $336,240 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of $522,010, or a loss of 1 cents per share, compared to a loss of $458,050, or a loss of 1 cents per share, in the year-earlier period.