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I took over couple years ago since nobody was willing to pay for it back then. I told Brad I'm done paying for it.
Webguy said someone hacked and stole them. I am not going to pay for it nor for yearly fee so my guess in few weeks it'll be gone.
I have this on my watch list! Curious why is moving north!
What's happening here! ABHI lost a lot of value!!!
ADM TRONICS UNLIMITED, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED MARCH 31, 2015 AND 2014
2015
2014
Net revenues
$ 2,850,548 $ 1,809,623
Cost of sales
1,485,590 1,053,930
Gross Profit
1,364,958 755,693
Operating expenses:
Research and development
38,055 34,859
Selling, general, and administrative
1,073,342 901,892
Depreciation and amortization
3,612 42,734
Total operating expenses
1,115,009 979,485
Income (loss) from operations
249,949 (223,792 )
Other income (expense):
Interest income
301 4,808
Interest expense
(6,234 ) (6,230 )
Gain on settlement - Wellington
114,774 -
Total other income
108,841 (1,422 )
Net income (loss)
$ 358,790 $ (225,214 )
Basic and diluted net income (loss) per common share:
$ 0.01 $ (0.00 )
Weighted average shares of common stock outstanding - basic
64,939,537 64,939,537
Weighted average shares of common stock outstanding - diluted
65,539,537 65,539,537
The accompanying notes are an integral part of these
consolidated financial statements.
ADM TRONICS UNLIMITED, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED MARCH 31, 2015 AND 2014
2015
2014
Net revenues
$ 2,850,548 $ 1,809,623
Cost of sales
1,485,590 1,053,930
Gross Profit
1,364,958 755,693
Operating expenses:
Research and development
38,055 34,859
Selling, general, and administrative
1,073,342 901,892
Depreciation and amortization
3,612 42,734
Total operating expenses
1,115,009 979,485
Income (loss) from operations
249,949 (223,792 )
Other income (expense):
Interest income
301 4,808
Interest expense
(6,234 ) (6,230 )
Gain on settlement - Wellington
114,774 -
Total other income
108,841 (1,422 )
Net income (loss)
$ 358,790 $ (225,214 )
Basic and diluted net income (loss) per common share:
$ 0.01 $ (0.00 )
Weighted average shares of common stock outstanding - basic
64,939,537 64,939,537
Weighted average shares of common stock outstanding - diluted
65,539,537 65,539,537
The accompanying notes are an integral part of these
consolidated financial statements.
ADMT had just released great annual report!
REVENUES AND GROSS MARGINS
Revenues increased $1,040,925, or 58% from the prior year, which resulted from increases of $681,478 in the engineering segment and $381,477 in the electronics segment, partially offset by a $22,031 decrease in the chemical segment. The decrease in the chemical division resulted from an increase in sales to customers in our Anti-static division in the amount of $12,408 offset by a decrease in sales in the remaining divisions in the amount of $34,439. The increase in the electronics division resulted from an increased customer base. The increase in engineering services is primarily the result of several projects for one customer.
The decrease in gross profit in the chemical segment and increase in gross profit in the electronics segment resulted from changes in the mix of products sold.
The increase in gross profit in the engineering segment resulted from better utilization of labor due to the increased revenue from new projects for one customer.
OPERATING INCOME (LOSS)
Income (loss) from operations for the years ended March 31, 2015 and 2014 was $249,949 and ($223,792) respectively, a difference of $473,741.
Selling, general and administrative expenses increased by $171,450, or 19%, from $901,892 to $1,073,342, mainly due to increased professional fees in the amount of $75,240, increased royalties and commissions of $60,666, and increased salaries and wages of $12,507, increased payroll taxes of $5,505, increased freight out of $10,396 and increased travel of $9,582 offset by decreased advertising and promotion of $5,089.
NET INCOME AND NET LOSS PER SHARE
Net income (loss) for the fiscal years ended March 31, 2015 and 2014 was $358,790 or $0.01 per share and ($225,214) or $(0.00) per share, respectively.
LIQUIDITY AND CAPITAL RESOURCES
At March 31, 2015, we had cash and cash equivalents of $216,395 as compared to $83,156 at March 31, 2014. The increase of $133,239 was primarily the result of cash provided in operations in the amount of $149,524 offset by cash used in financing activities in the amount of $15,024 and cash used by investing activities of $1,261. We expect to have enough cash to fund operations for the next twelve months. Our note payable to Kearny Federal Savings Bank of $121,966 on March 31, 2015, is secured and collateralized by restricted cash of $232,525. This note bears an interest rate of 2% above the rate for the savings account. The interest rate at March 31, 2015 was 2.15% per annum and is payable on demand.
ADMT had just released great annual report!
REVENUES AND GROSS MARGINS
Revenues increased $1,040,925, or 58% from the prior year, which resulted from increases of $681,478 in the engineering segment and $381,477 in the electronics segment, partially offset by a $22,031 decrease in the chemical segment. The decrease in the chemical division resulted from an increase in sales to customers in our Anti-static division in the amount of $12,408 offset by a decrease in sales in the remaining divisions in the amount of $34,439. The increase in the electronics division resulted from an increased customer base. The increase in engineering services is primarily the result of several projects for one customer.
The decrease in gross profit in the chemical segment and increase in gross profit in the electronics segment resulted from changes in the mix of products sold.
The increase in gross profit in the engineering segment resulted from better utilization of labor due to the increased revenue from new projects for one customer.
OPERATING INCOME (LOSS)
Income (loss) from operations for the years ended March 31, 2015 and 2014 was $249,949 and ($223,792) respectively, a difference of $473,741.
Selling, general and administrative expenses increased by $171,450, or 19%, from $901,892 to $1,073,342, mainly due to increased professional fees in the amount of $75,240, increased royalties and commissions of $60,666, and increased salaries and wages of $12,507, increased payroll taxes of $5,505, increased freight out of $10,396 and increased travel of $9,582 offset by decreased advertising and promotion of $5,089.
NET INCOME AND NET LOSS PER SHARE
Net income (loss) for the fiscal years ended March 31, 2015 and 2014 was $358,790 or $0.01 per share and ($225,214) or $(0.00) per share, respectively.
LIQUIDITY AND CAPITAL RESOURCES
At March 31, 2015, we had cash and cash equivalents of $216,395 as compared to $83,156 at March 31, 2014. The increase of $133,239 was primarily the result of cash provided in operations in the amount of $149,524 offset by cash used in financing activities in the amount of $15,024 and cash used by investing activities of $1,261. We expect to have enough cash to fund operations for the next twelve months. Our note payable to Kearny Federal Savings Bank of $121,966 on March 31, 2015, is secured and collateralized by restricted cash of $232,525. This note bears an interest rate of 2% above the rate for the savings account. The interest rate at March 31, 2015 was 2.15% per annum and is payable on demand.
Great annual report.
REVENUES AND GROSS MARGINS
Revenues increased $1,040,925, or 58% from the prior year, which resulted from increases of $681,478 in the engineering segment and $381,477 in the electronics segment, partially offset by a $22,031 decrease in the chemical segment. The decrease in the chemical division resulted from an increase in sales to customers in our Anti-static division in the amount of $12,408 offset by a decrease in sales in the remaining divisions in the amount of $34,439. The increase in the electronics division resulted from an increased customer base. The increase in engineering services is primarily the result of several projects for one customer.
The decrease in gross profit in the chemical segment and increase in gross profit in the electronics segment resulted from changes in the mix of products sold.
The increase in gross profit in the engineering segment resulted from better utilization of labor due to the increased revenue from new projects for one customer.
OPERATING INCOME (LOSS)
Income (loss) from operations for the years ended March 31, 2015 and 2014 was $249,949 and ($223,792) respectively, a difference of $473,741.
Selling, general and administrative expenses increased by $171,450, or 19%, from $901,892 to $1,073,342, mainly due to increased professional fees in the amount of $75,240, increased royalties and commissions of $60,666, and increased salaries and wages of $12,507, increased payroll taxes of $5,505, increased freight out of $10,396 and increased travel of $9,582 offset by decreased advertising and promotion of $5,089.
NET INCOME AND NET LOSS PER SHARE
Net income (loss) for the fiscal years ended March 31, 2015 and 2014 was $358,790 or $0.01 per share and ($225,214) or $(0.00) per share, respectively.
LIQUIDITY AND CAPITAL RESOURCES
At March 31, 2015, we had cash and cash equivalents of $216,395 as compared to $83,156 at March 31, 2014. The increase of $133,239 was primarily the result of cash provided in operations in the amount of $149,524 offset by cash used in financing activities in the amount of $15,024 and cash used by investing activities of $1,261. We expect to have enough cash to fund operations for the next twelve months. Our note payable to Kearny Federal Savings Bank of $121,966 on March 31, 2015, is secured and collateralized by restricted cash of $232,525. This note bears an interest rate of 2% above the rate for the savings account. The interest rate at March 31, 2015 was 2.15% per annum and is payable on demand.
It looks like a lot is going on at adm tronics
This new website was created this year!
www.concepttoquantity.com
Nothing I can do really! My money is gone! He will never do anything! Radix is gone! I moved on!
Very nice.
Wish I had more $ to pick it up. I am still holding my position.
Congrats on cheap ones.
I don't know!
He sued that lawyer who was after him all these years! Curious what will come out of it.
I guess you're selling them today!?
Unreal
Slide under .03 on annual report
Not sure yet! I'm going to vine it little more time.
Ihub app stream still not working. Any updates on it. Thank you!!!
You become millionaire I will be half of that.
Shares are drying!
Thx. It should be interesting year.
Good numbers few weeks away!
You described him very well! I just wished I listened to you! Congrats
That'll be awesome!
Wow. There's potential that I am sure!
.0321 your average! That's pretty good.
I guess your average price is pretty good!?
I think he doesn't have anything else to even post! No more lies to think of! What a shame!!!!!!!!!!
I think we are in good shape. When this starts rolling it may end up in teens in couple days.
Have been accumulating!
This baby could soon end up where ADMT is!!!
No he emailed me couple months ago how he's now getting marihuana license for Radix. I told him it's ridiculous and not to post it. Everyone will lough at it. More lies. What can we say.