GrowLife Inc (PHOT)

[MarkAss]

Net income for the three months ended June 30, 2014 was $19,232,000 as compared to a net loss of $1,617,000 for the three months ended June 30, 2013. Net income for the three months ended June 30, 2014 included gain on change – derivative liability of $21,197,000, offset by non-cash expenses of $1,056,000.

Can someone explain that to me?

I have faith restored in Growlife. My position is much smaller than it once was but they are brick-and-mortar at this point, people don't really care about the company's stock price when they walk in to a hydroponic store...