Friday, May 15, 2015 6:40:39 PM
The revenues with Vaporin on a pro-forms basis were 2.5 million.(see below). Vapor by themselves was 1.5 million. Vaporin continues to increase revenue and I think this is the bottom of the revenues. New tech coming within the next few months and revenues are at bottom. We may take a little hit Monday but I believe the steam will build now. Increase of revenues coming in Q2 and people will know it.
The Company was unable to report the financial results of Vaporin for the period from the date the Merger closed on March 4, 2015 through March 31, 2015. The accounting and reporting operations of Vaporin were fully integrated into the Company at Merger and it is impracticable to separate. The following presents the unaudited pro-forma combined results of operations of the Company with Vaporin as if the acquisition occurred on January 1, 2014.
For the three months Ended
March 31,
2015 2014
Revenues $ 2,584,884 $ 4,975,337
Net Loss $ (5,378,927 ) $ (2,590,724 )
Net Loss per share $ (0.17 ) $ (0.08 )
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