AppSwarm Inc (SWRM)

[papadedavid]

They didn't increase the debt though...I like it. They just issued 5 MM shares and they acquired the PDF document scanner app and launched the new ecommerce websites www.urbanbamboodesigns.com.and www.namefy.co. Add the apps launched on April and I think we could start to see revenues increasing over the next months.

And with the revenues though they were small I love the margin profit...actually we had a net income even with such small revenues.

March 31,
2017
Three Months
Ended
March 31,
2016
Revenues $ 31,034
-
$ -
Cost of Sales 825 -
Gross Income 30,209 -
Operating Expenses
Selling, general and administrative $ 22,046$ 16,847
Total Operating Expenses 22,046 16,847
Income or (loss from operations (16,847)
Other income (loss)
Interest expense $ (3,393$ ) (12,791)
Derivative expense - (18,028)
Gain on derivative revaluation - 618
Total other income (loss) (3,393) (30,201)
Income (loss before income tax 4,770 (47,048)
Provision for income tax - -
Net income (loss) 4,770 (47,048)