Thursday, August 28, 2014 7:11:21 PM
"Six Months Ended June 30, 2014 Compared to Six Months Ended June 30, 2013
Selling, General and administrative expenses were $224,550 for the June 30, 2014 period, compared to $27,085 for the June 30, 2013 period. This change in selling, general and administrative expenses for the six months ended June 30, 2014 was primarily due to payments made under the Amended Subscription Agreement and increased accounting and compliance fees since the Company is no longer a shell company as it was during the period ending June 30, 2013. The Company had a net loss of $39,001,754 for the June 30, 2014 period compared to a net loss of $32,320 for the June 30, 2013 period. The increase in net loss for the six month period ended June 30, 2014 is due to the payments owed under the Subscription Agreement.
It's the grow.
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