Wow... how do they keep the doors open.
The negative gross margin for the nine months ended September 30, 2014 of $4.5 million compares to a negative gross margin of $7,474 for the nine months ended September 30, 2013. The Company continued to operate at a negative gross margin due to the nature of both its reprocessed plastics segment and its engineered products segment which require higher volume of production than the Company has been able to achieve to date.
Total operating expenses were $23.2 million and $3.6 million for the nine months ended September 30, 2014 and 2013, respectively. The increase was a result of higher general and administrative expenses during the quarter.
