Endexx Corp (EDXC)

[YoungLonghorn]

Fins are out! Here's a few of the numbers.

Authorized Shares: 1,000,000
Outstanding Shares: 211,835,738
Total Assets: $2,142,061
Total Liabilities: $1,920,119
Total Revenues: $6,457
Cost of Sales: $57
Gross Profit: $6,400
Total Expenses: $152,923
Net Income: ($122,771)
Net Increase in Cash: $1,384

The biggest positives from the report in my opinion is that the O/S is basically the same. It's very good to see that the company is not diluting shares at these levels. Although it seems marginal, the net increase in cash is also nice to see.

The biggest negatives are probably that revenues are underwhelming. I think it is important to remember last year at this time we had no revenue. Total assets have also depreciated a little bit in the last year, but not in a significant way.

All in all, this is a decent report for EDXC. It's not the great report that we all wanted to see, but it shows some small steps forward for the company. We have done a good job so far positioning ourselves in the industry, now its time to execute. I still think the future is very bright for EDXC!

http://www.otcmarkets.com/financialReportViewer?symbol=EDXC&id=133240