Saturday, February 27, 2016 5:39:12 PM
Assets declined by over $3,000,000.00.
Income DECREASED by over 800%.
The cost of the merchandise sold (cost of goods) was more than what they sold the merchandise for. So whatever they sold, they sold it at a loss.
The desparate longs are still trying to put a positive spin on a company that has close to $8,000,000 in NEGATIVE retained earnings. And those negative retained earnings have to increase as Zalemark didn't deliver any Crayola jewelry in the fourth quarter.
Bankruptcy looms.
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