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Monday, December 20, 2010 1:36:56 PM
Rheingold was 73% of gross sales
"We launched the sale of Rheingold beer in the second quarter ended October 31, 2010, which sales accounted for over 73% of our total three month sales "
leaving 27% for the Mexcor spirits business. 27% of the $144k in gross sales is $39k Calculation.
which should have no cost of sales associated with it.
"This decrease in gross margin is attributable to the transition of our business model to a royalty-based revenue operation from a wholesale revenue model"
By my calculation, that leaves Rheingold with about $105k in gross sales and gross margin of ($9k) or about negative 9% for the quarter. Calculation.
Hope that helps.
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