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Re: Joey1313 post# 315

Tuesday, 11/29/2016 7:17:03 PM

Tuesday, November 29, 2016 7:17:03 PM

Post# of 1400
I'm not good at evaluating financials. Maybe somebody else can.

I did notice that the net loss and operating expenses were less in 2016 than in 2015.


Net loss was $29,503 for year ended July 31, 2016 and $67,551 for year ended July 31, 2015, respectively. The decrease in operating expenses from consulting fees was the sole contributing factor for the decreased loss during the year.

Operating expenses for the years ended July 31, 2016 and July 31, 2015 were $29,503 and $67,300, respectively. The operating expenses were primarily attributed to professional fees and general expenses.