Do I can prepare income statement without cost of goods sold if I have stock Value ???

Surely you can.
IS is prepared either by functions or by expenses nature.
If you choose to prepare IS by expense nature then you will not need to show cost of goods sold.
You may show purchases (or more accurately "consumption") in your income statement.
However, you will not be able to analyse your gross profit margin from such income statement.

Yes.

If there is no cost of goods sold, then your gross margin is100%.
In other words, all the revenue you receive translates into gross profit.
The type of business that would report this kind of result is most likely to perform services and dividing the Profit and Loss Statement into a gross profit and net profit section is irrelevant.

Stock value is only one factor to calculate cost mainly material cost, for preparation of Income Statement.
For a small business the traditional formula is "(Opening stock+net purchases-closing stock) + direct labor + over heads = cost of goods

yes I can...
I will count the stock of goods sold by...
sold goods quantity= Stock last peiod - ( Stock first period + Purchases during year) So I will get Qty.
of goods sold then Count cost of these goods as of company method if FIFO or LIFO or AVERAGE.
after that I can prepare Income statement......
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