Monday, June 23, 2014 5:57:41 PM
Total revenues generated from the sales of the Company’s products for the quarter ended March 31, 2014 totaled $560,319, an increase of $494,198 from the quarter ended March 31, 2013 which totaled $66,121. The primary reason was due the revenue generated from Edible Gardens.
Gross profits for the quarter ended March 31, 2014 amounted to $2,090 for a .37% gross margin. Gross profits increased $3,974 or 211% for the quarter ended March 31, 2014 compared to a negative margin of $1,884 for the quarter ended March 31, 2013. The increase in the gross margin was due to better margins from Edible Gardens.
Quarterly Revenue
Jun 30, 2013 665
Sep 30, 2013 773
Dec 31, 2013 621
Mar 31, 2014 560
Semi-annual
June 30 2012 295
June 30 2013 731
Total Revenue
Dec 31, 2013 $2,126 Dec 31, 2012 $553
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