Greenfield Farms Food Inc. (fka GRAS)

[trader53]

GRAS - Net income of $91,481

We had net income of $91,481
for the three months ended September 30, 2015
as compared to a loss of $230,024
for the three months ended September 30, 2014.

FORM 10-Q
Page 19
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11022454

Three month period ended September 30, 2015
versus September 30, 2014


We had net income of $91,481
for the three months ended September 30, 2015
as compared to a loss of $230,024
for the three months ended September 30, 2014.

This significant change
is solely due to the significant "income'
from "change in derivative liability"
resulting from conversion of notes in the 2015 period
that lowered the derivative liability significantly
that was offset only partially by expense
for newly convertible notes.

Our gross sales
in the three months ended September 30, 2015
were $428,405 with cost of goods sold of $359,278
for a gross profit of $69,127.

This compared to gross sales of $420,484,
costs of goods sold of $348,526
and gross profit of $71,958
for the three months ended September 30, 2014.

Our sales in the 2015 period increased $7,921
or approximately 2% versus 2014.
Cost of goods sold increased by approximately 3%
to approximately 84% of sales in 2015
versus approximately 83% of sales in 2014.
This represents minimal change in the 2015
versus the 2014 period.

The company will continue a more aggressive coupon marketing campaign during the remainder of 2015
through which it believes sales will increase,
but will be offset somewhat by the higher discounts.