Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

Reel -- Good to see the audited financials come out, they seem quite thorough. I will be analyzing over the next few days, and post results.

The first summary statement is how different they are to the unaudited financials -- including significant differences with the 'audited' ones (that weren't) which came out in early June.

One number struck me quickly about this enterprise that had previously bragged about its profitability -- the 2013 loss exceeded revenue!

Good to see the 'intangible' assets at least spelled out -- and I concur with the other posters that most if not all should be written off. Where is there 'goodwill' in stores which after two/three years are still unprofitable, even with management taking zero salaries?

More to chew on later -- but I do think it is great that we will see audited results annually; will be interesting to see if the annual audited results equal the sum of the unaudited quarterly results -- I hope the audit process has taught the company how its books should be kept.

Looking forward to seeing a PR on the opening of the barista-themed sports bar next week (a July opening was promised in the May announcing PR; but then again, the third SW Florida kiosk was promised to open in early Q2, and apparently hasn't yet).