Take special note of the last 2 points. Cut and Paste direct from the 10-q.
"-VAPE is currently out of authorized shares to operate properly as this severely affects our ability to finance continued operation, make business transactions, compensate employees, and compensate vendors.
-VAPE is currently involved in litigation with convertible noteholders seeking the specific performance of VAPE’s issuance of shares underlying a denied conversion notice. If the noteholders are allowed to convert their respective notes VAPE shareholders will experience substantial dilution.
-VAPE is not able to pay base salaries of its officers and directors.
-VAPE cannot currently pay its vendors.
-VAPE does not have sufficient capital to reorder Revival products to fulfill orders ready to be placed on the books.
-VAPE does not have sufficient capital to order new HIVE Ceramics products."
Also... Direct cut and paste.
"Revenue. For the three months ended March 31, 2016 and 2015, revenue was $487,400 and $415,259, respectively. Revenue was greater in 2016 due to the new trending products of HIVE Ceramics such as the Honey Bucket."
...
"Revenue. For the six months ended March 31, 2016 and 2015, revenue was $734,228 and $801,902, respectively. Revenue decreased in 2016 due to a decrease in new trending products of HIVE Ceramics."
Also BTW:
"Revenue. For the three months ended March 31, 2016 and 2015, revenue was $487,400 and $415,259, respectively. Revenue was greater in 2016 due to the new trending products of HIVE Ceramics such as the Honey Bucket."
"Cost of Revenue. For the three months ended March 31, 2016 and 2015, cost of revenue was $449,306 and $297,642, respectively." (Thats for $487,400 in sales.)
Any perceived impression is an opinion only.
