Friday, November 13, 2015 7:31:05 AM
This is the change from 2013 to 2014.
So the "spin" in the press release showing an increase of 649.8% for the period and for year end a 853% increase in sales is really offset by a -6,786% in net income for year ending 2014.
When your sales are so insignificant and you sell a little more than the year before than the sales % jumps. But you can't take percentages to the bank.
Here are the bottom line numbers from those year end statements:
Net Income
2013: $ -53,217.56 (a 53 thousand dollar LOSS for the year)
2014: $ -3,664,820.43 (close to a 3.7 million dollar LOSS for the year)
2015: in my opinion, will be horrible as well maybe worse.
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