mPhase Technologies Inc (XDSL)

[drkazmd65]

They do however have products for sale

Indeed they do,....

For the fiscal year that ended 6/30/15 they had a total of revenues from sales of $1,142,785.

Their Costs of sales was $743,150

So that's like a net income from those sales of less than $400,000

With a (back in June) Avg. number of shares outstanding of 14,889,795,836 (yes folks,..... 14.9 Billion). Although on the next page of the same document they state tha there are 15.94 Billion shares of common stock outstanding.

http://quote.morningstar.com/stock-filing/Annual-Report/2015/6/30/t.aspx?t=:XDSL&ft=10-K&d=a65bc89865e40010ae6af2990e9fc034

$400,000 net sales revenue - the highest amount of revenue from sales they have had since I started watching this company c2009,.... and their CEO pays himself how much per year?