Im surprised there hasnt been an uptick in interest and volume after the release of the NT statement. While revenues are sognificantly down Q toQ from 2013 to 2014 - expenses are DRASTICALLY down due to restructuring and swung the auarter to a gross profit.
Company should start realizing revenue gains from distillery in current (3Q14) and if they get back to prior sales focus on the key brands - they should see a return of product revenues.
Amazing how much expense was tied up in former mgmt.
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes x No o
The Company expects to report a net gain from operations before non-controlling interest for the quarter ended June 30, 2014 of approximately $995,650, compared to a loss of approximately $953,888 for the quarter ended June 30, 2013. The increase is due primarily to the Company’s second quarter 2014 restructure. While net revenues have decreased from approximately $1,425,435 for the quarter ended June 30, 2013, to approximately $655,690 for the quarter ended June 30, 2014, the results of the restructuring have significantly decreased operating expenses from $1,478,054 for the quarter ended June 30, 2013, to approximately $495,680 for the quarter ended June 30, 2014. In addition to the significant decrease in operating expenses, the restructuring also resulted in an increase in other income from associated debt restructuring.
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
