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Tuesday, August 19, 2014 6:51:14 PM
But they have revenues again. WeedTV? Comcast? Platform?
"During the three months ended June 30, 2014 and 2013, we received revenues primarily from the sale of in-home media, advertising fees and the recognition of deferred revenues on content development. Aggregate revenues for the three months ended June 30, 2014 were $141,167, compared to revenues of $386 in the three months ended June 30, 2013, an increase in revenues of $140,781, or 36,472%. Our revenues increased primarily due to the recognition of $135,000 of deferred revenues from the completion and delivery of the final two pilot episodes of our “Naked Empire Series” project with HJ Productions. During the three months ended June 30, 2014, we also recognized a total of $5,950 from the first sales of advertising on our new media channel, “Weed.tv” within our internet platform."
$6k from Weed TV? That's it???? Sadly, no, it's from the past
Well, $135k for some TV episodes - not too shabby, right?
"Direct operating costs were $190,952 for the three months ended June 30, 2014 compared to $41,194 for the three months ended June 30, 2013, an increase of $149,758, or 364%. Our direct operating costs increased due primarily to the recognition of deferred television costs of $116,454, related to the completion and delivery of the final two pilot episodes of our Naked Empire Series project with HJ Productions, and our increased website development costs as we continued to develop our new media channel, Weed.tv media channel, which was launched during April of 2014."
Ah shit.
Maybe G&A was cut.
"General and administrative expenses were $201,236 for the three months ended June 30, 2014 compared to $80,158 for the three months ended June 30, 2013, an increase of $121,078, or 151%. General and administrative expense increased primarily due to increased advertising and promotional fees incurred during the three months ended June 30, 2014 compared to the three months ended June 30, 2013."
Nope
Oh man, but next quarter!!! Too funny.
"During the three months ended June 30, 2014 and 2013, we received revenues primarily from the sale of in-home media, advertising fees and the recognition of deferred revenues on content development. Aggregate revenues for the three months ended June 30, 2014 were $141,167, compared to revenues of $386 in the three months ended June 30, 2013, an increase in revenues of $140,781, or 36,472%. Our revenues increased primarily due to the recognition of $135,000 of deferred revenues from the completion and delivery of the final two pilot episodes of our “Naked Empire Series” project with HJ Productions. During the three months ended June 30, 2014, we also recognized a total of $5,950 from the first sales of advertising on our new media channel, “Weed.tv” within our internet platform."
$6k from Weed TV? That's it???? Sadly, no, it's from the past
Well, $135k for some TV episodes - not too shabby, right?
"Direct operating costs were $190,952 for the three months ended June 30, 2014 compared to $41,194 for the three months ended June 30, 2013, an increase of $149,758, or 364%. Our direct operating costs increased due primarily to the recognition of deferred television costs of $116,454, related to the completion and delivery of the final two pilot episodes of our Naked Empire Series project with HJ Productions, and our increased website development costs as we continued to develop our new media channel, Weed.tv media channel, which was launched during April of 2014."
Ah shit.
Maybe G&A was cut.
"General and administrative expenses were $201,236 for the three months ended June 30, 2014 compared to $80,158 for the three months ended June 30, 2013, an increase of $121,078, or 151%. General and administrative expense increased primarily due to increased advertising and promotional fees incurred during the three months ended June 30, 2014 compared to the three months ended June 30, 2013."
Nope
Oh man, but next quarter!!! Too funny.
I receive NO compensation to post ANYTHING. I AM NOT short this stock.
"The world is a dangerous place, not because of those who do evil,but because of those who look on and do nothing". Albert
Einstein
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