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Tuesday, May 20, 2014 10:01:23 AM
3rd Quarter 10Q: Initial inventory = $250,000
4th Quarter 10K, Inventory after Christmas sales = $146,488
1st Quarter 10Q, Inventory = $144,690 (a draw down of only $1798 for the quarter).
The cost of goods are likely to be a fixed amount based on the initial run. From the 10K sales, gross margin was about 20% - based on advertised pricing of $24.95, and assuming giving the distributor a 5% cut, the per doll cost of goods is about $18.71 each.
I seem to recall that the HEB doll price was somewhere around $20?? So after HEB took their small cut, I would not expect much, if any margin on the dolls sold.
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