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Tuesday, February 09, 2016 3:56:44 PM
RMHB is making money.
This POS loses money - $3.9 MILLION last year on an OPERATIONAL basis, meaning, not including the share giveaways. That was extra!
It's pretty basic stuff.
http://www.otcmarkets.com/financialReportViewer?symbol=RMHB&id=149050
Revenue
-What they told you: $798,790
-What the audit says: $489,849
Difference: $308,941
General & Administrative Expenses
-What they told you: $319,524 (Travel+Legal+Administrative)
-What the audit says: $2,439,302
Difference: $2,119,778
Advertising & Marketing Expenses
-What they told you: $459,387 (Marketing+Rhino+Consulting)
-What the audit says: $739,145
Difference: $279,758
Interest Expenses
-What they told you: $0
-What the audit says: $1,090,285
Difference: $1,090,285
Goodwill Impairment
-What they told you:$0
-What the audit says:$ 1,024,358
Difference: $1,024,358
Total Operating Expenses
-What they told you: $778,911
-What the audit says: $4,202,804
Difference: $3,423,893
Net Loss from Operations
-What they told you: $408,529
-What the audit says: $3,925,413
Difference: $3,516,884
Other Expenses:
-What they told you: 0
-What the audit says: 12,698,789
Difference: $12,698,789
Total Net Loss:
-What they told you: 408,529
-What the audit says: 16,624,202
Difference: $16,215,673
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