ADM Tronics Unlimited, Inc (ADMT)

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ADM TRONICS UNLIMITED, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED MARCH 31, 2015 AND 2014


2015

2014


Net revenues
$ 2,850,548 $ 1,809,623

Cost of sales
1,485,590 1,053,930

Gross Profit
1,364,958 755,693

Operating expenses:

Research and development
38,055 34,859
Selling, general, and administrative
1,073,342 901,892
Depreciation and amortization
3,612 42,734

Total operating expenses
1,115,009 979,485

Income (loss) from operations
249,949 (223,792 )

Other income (expense):

Interest income
301 4,808
Interest expense
(6,234 ) (6,230 )
Gain on settlement - Wellington
114,774 -
Total other income
108,841 (1,422 )


Net income (loss)
$ 358,790 $ (225,214 )

Basic and diluted net income (loss) per common share:
$ 0.01 $ (0.00 )

Weighted average shares of common stock outstanding - basic
64,939,537 64,939,537

Weighted average shares of common stock outstanding - diluted
65,539,537 65,539,537

The accompanying notes are an integral part of these
consolidated financial statements.