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.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
W. Buffett
