Thursday, April 30, 2015 6:56:38 PM
Total revenues decreased $63,457 (39.5%) for the year ended December 31, 2014 to $97,065 as compared to $160,522 for the year ended December 31, 2013. This decrease is primarily attributed to the lower demand for our core product ”vibe-away” as we fulfill the market demand. The Company continues to evaluate additional products to add to its product line as well as expanding its distribution channels.
Gross profit decreased $62,624 (52.6%) to $56,335 for the year ended December 31, 2014 as compared to $118,959 for the same period in the prior year primarily as a result of the decreased volume. The gross profit percentage was 58.0% for the year ended December 31, 2014 decreased as compared to 74.1% for the year ended December 31, 2013 primarily reflecting the continued pricing pressure in a shrinking market.
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