The Mar 2015 financials has NO REVENUES, $2,107 in INVENTORY.
Thanks Joeyohso for bring this one to my attention, it also came across my Twitter account, but I really think,
THIS ONES A DUD
Here are some clips from the recent financials statements. This should really be sub-penny. It's only trade on 5 days this year. NO REVENUES THIS YEAR!!!
We did not realize revenues for the three-month periods ended March 31, 2015 and 2014. During the three months ended March 31, 2015 (“first quarter”), we recorded total operating expenses of $4,680, consisting of $4,004 in professional fees and $676 in general and administrative expenses. In the comparable first quarter of 2014, we recorded operating expenses totaling $4,331, consisting of $3,436 in professional fees and $895 in general and administrative expenses.
The accompanying financial statements have been prepared in conformity with accounting principles, generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company has sustained losses of $1,612,134 from June 7, 2005 (inception) through March 31, 2015, including a loss of $6,796 for the three months ended March 31, 2015. Furthermore, the Company has recognized only minimal revenue since its inception, which raises substantial doubt about the Company’s ability to continue as a going concern.
On February 11, 2014 the Company issued 200,000 shares of common stock to an officer and director for services rendered. The shares were valued at $0.0042 per share...
Our Website
Approximately 2 years ago, we redesigned of our principal Uplift website. We also shut down or discontinued our former websites, www.epigaia.com, www.alldayenergyspray.com, and www.upliftenergy.com in favor of just the one website. During last year, we spent considerable time and energy revamping and modernizing www.upliftnutritioninc.com and strongly encourage any investor or interested person to visit this website.
Our newest products, Grey-to-Great and Mitigator® were added to our web-site last year with online purchase ability. Sales through the website have been slower than anticipated.
Inventory
We no longer carry inventory of Active UpLift® and All Day Energy Spray®, Tonify or X-Mint.
We recently increased our inventory of Gray-to-Great and Mitigator® after the end of the quarter. As of our first quarter ended March 31, 2015, we had sufficient inventory of Gray-to-Great and Mitigator® in inventory. $2,107. .
With regard to Gray-to-Great, its particular manufacturer has several thousands of bottles of Gray-to-Great on hand and can mix and process a new supply in fairly short order as our inventory dwindles. With regard to Mitigator®, we can obtain new product quickly. If we do encounter an inventory problem, we are able to obtain either product relatively quickly for sale.
Hope they expect any big orders
Marketing
Because we are no longer marketing our principal energy drink products, not to mention Tonify and X-Mint, and given that we only began marketing two entirely new products early and late last year, we do not believe that comparing cost of goods sold and other comparisons for the same periods in 2015 and 2014 is particularly relevant or meaningful.
We have spent nominal funds marketing expenses for the quarters ended March 31, 2015 March 31, 2014. This is because, in large part, we have lacked working capital for such purposes.
Yup, $8,000 in sales last year.
Under this agreement, we have become a Mitigator ® distributor whereby we obtain wholesale pricing as a re-seller. We are pleased to announce that we sold approximately $8,000 of this new product during the fourth quarter of 2014.
AI
