LEXG - the 10-K for the FYE June 2014 clearly shows $35,285 of revenues... of which I can locate $17,882 on the Q3 10-Q filing for the 3 months ended March 2014... and there were "0" revenues at any point before per the Q2 10-Q filing for three months ended December 2013... so therefore there were $17,882 of revenue in Q4 10-K filing... while this revenue is not material to the financials... it is important because it is the first revenues of any sort for this company... further the Alta Disposal subsidiary showed profits of $36,105... of which LEXG had equity in the "unconsolidated" entity of $18,053 (its share of revenue)...
While the above description of revenues is not earth shaking... and must be significantly improved upon to be a viable source of revenue to meet ongoing operating costs... and provide a path to future net income...
My thoughts on important metrics to watch on the 10-Q filing we will see in November 2014, for the quarter ended September 2014 (Q1 of FYE June 2015):
1) Share outstanding... of the 2M A/S how many have been issued during the period from October 8, 2014 (399M) until that date... a period of approximately 30 days... how much further dilution (more importantly how were the proceeds used see #3)
2) Revenues at the LEXG level... and equity in revenues at the Alta Disposal subsidiary level... we need to see significant increase at the subsidiary level which will result in a larger equity in the profits of the unconsolidated subsidiary...
3) Decrease in interest expense... some of the dilutive stock issuance should be going to reduce or eliminate debt that represents a significant source of the expenses...
4) Additional disclosure on the UT... testing results... and how will this technology be used to generate revenues...
JMHO
