Global Poletrusion Group Corp. (GPGC)

[Joey_B]

Snap shot of what happened this quarter.

Sales 432,880
Rec increase 8,076

Cash rec in quart 1 424,804
Less COGS 247,430
Less Operating Exp 25,336

Cash remaining 152,038

Increase to Other Assets 135,407
Increase to Cash 11,926
Increase to Fixed Assets 8,790
Increase to Current Liab. (4,085)

0

The major out lay of cash went to other assets. The notes in the financials don't give much information. I guess the increase is due to the California property and the improvements made to the building to prepare it for operations. Liabilities barely moved. The quarter doesn't seem that bad to me. They appear to be staying with in there means. I am really looking forward to some information on the distributors.