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Re: _mmech post# 27672

Thursday, 08/14/2014 10:12:22 AM

Thursday, August 14, 2014 10:12:22 AM

Post# of 31561
I saw that. The revenue for Q2 of VGREF was entirely from art sales. No grass revenue. No royalties.

Results of Operations

Three Months Ended June 30, 2014 Compared to June 30, 2013

Revenues

Revenues were $823,000 and $955,000 for the three months ended June 30, 2014 and 2013, respectively, a decrease of $132,000, or 14%, due to lower customer orders for artwork in the US. All of revenues recorded during the three months ended June 30, 2014 are from framed artwork sales. For the three months ended June 30, 2013, framed artwork sales were $954,000 and grass related sales were $1,000.



Makes me wonder if Carl will be switching teams soon because the VSPC sub-sub-sub license won't be renewed. That way they can continue the "business" in VGREF.

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