CTLE ~~Looks like they are doing a lot better from the last 10Q COSTS ARE DOWN.You can see yourself that for a nano tech development stage company they are getting er done to say the least.Yes there are always deficits in development stage co.'s but what you want to look for is -ARE THEY DOING THEIR BUISNESS PLAN?IF SO ARE THEY DOING IT IN A MANNER THATS TRYING TO ACHIEVE PROFITABILITY?YES TO BOTH; ) Read this from the last 10 and you will get a glimpse of how well they are taking the "red sheet" by the horns -AND-in the process gearing up to have buisness deals coming in through their various deals like the diesel fuel project mentioned in the 10Q.READ ON HERE FROM THE 10Q>>>>>
Nine Month Period Ended March 31, 2015 Compared to Nine Month Period Ended March 31, 2014.
Our net loss for the nine month period ended March 31, 2015 was ($666,106) compared to a net loss of ($21,528,531) during the nine month period ended March 31, 2014. We generated no revenue for the nine month periods ended March 31, 2015 and March 31, 2014, respectively.
During the nine month period ended March 31, 2015, we incurred operating expenses of $184,147 compared to $450,668 incurred during the nine month period ended March 31, 2014, a decrease of $266,521. During the nine month period ended March 31, 2015, operating expenses consisted of: (i) consulting fees of $65,325 (2014: $162,395); (ii) general and administrative of $77,615 (2014: $151,512); (iii) professional fees of $33,451 (2014: $72,909); (iv) travel of $7,756 (2014: $33,238); and (v) wages of $-0- (2014: $30,614). General and administrative expenses also generally include corporate overhead, financial and administrative contracted services, marketing, legal, auditor, edgarizing and transfer agent fees.
Loss from operations for the nine month period ended March 31, 2015 was ($184,147) compared to loss from operations of ($450,668) during the nine month period ended March 31, 2014. Operating expenses decreased during the nine month period ended March 31, 2015 generally due to decreased consulting fees, general and administrative, professional fees and wages based upon a decrease in scope and scale of business operations.
During the nine month period ended March 31, 2015, we incurred other income (expense) of ($485,712) relating to interest income - derivative associated with the derivative liability on our outstanding convertible notes compared with ($21,078,096) relating to interest expense - derivative associated with the derivative liability on our outstanding convertible notes. This resulted in a loss of ($669,859) during the nine month period ended March 31, 2015 compared to loss of ($21,528,764) during the nine month period ended March 31, 2014.
During the nine month period ended March 31, 2015, we realized interest income in the amount of $3,753 (2014: $233).
Therefore, our net income and income per share during the nine month period ended March 31, 2015 was ($666,106) or $0.00 per share compared to a net loss and loss per share of ($21,528,531) or ($0.13) per share during the nine month period ended March 31, 2014. Net loss decreased during the nine month period ended March 31, 2015 as compared to March 31, 2014 as a result of the amount of interest expense associated with derivatives of $21,528,764 incurred during the nine month period ended March 31, 2014. The weighted average number of shares outstanding was 218,279,584 and 170,278,284 for the nine month periods ended March 31, 2015 and March 31, 2014, respectively.
