I am looking forward to the upcoming 10K to see how much profit the company made this year. The company has a possibility of up to 13 million dollars in revenues.
The revenues are on target to be 1.3 million dollars for the year which is significant both in the increase over last year and a year of 1 million dollars.
Being over 1 million dollars is a great achievement on the OTC markets.
The profit on the bottom line should exceed last years profit.
Below are the 9 month 10Q report and last years 10K report:
10Q Jan - Sep 17
Ordinary Income/Expense
Income
Sales Income AND 954,614.00
Total Income 954,614.00
Cost of Goods Sold
Cost of AND 698,765.60
Freight Cost 91,605.00
Total COGS 790,370.60
Gross Profit 164,243.40
Expense
Corporate Fees/Taxes 7,130.00
Corporate Fees/Taxes 7,970.00
Insurance 3,500.00
Meals and Entertainment 3,407.00
Professional Fees
Agent/Broker Fee 19,995.00
Legal Fees 8,250.00
Regulatory Fee 6,000.00
Total Professional Fees 34,245.00
Rent 14,400.00
Research & Development 27,620.00
Travel 5,223.00
Utilities 1,654.00
Total Expense 105,149.00
Net Ordinary Income 59,094.40
Net Income 59,094.40
10K Jan - Dec 15
Ordinary Income/Expense
Income
Sales Income AND 944,712.00
Total Income 944,712.00
Cost of Goods Sold
Cost of AND 644,866.00
Freight Cost 105,015.00
Total COGS 749,881.00
Gross Profit 194,831.00
Expense
Corporate Fees/Taxes 2,600.00
Insurance 8,600.00
Professional Fees
Agent/Broker Fee 11,700.00
Legal Fees 47,600.00
Regulatory Fee 17,500.00
Total Professional Fees 76,800.00
Research & Development 27,500.00
Travel 2,586.00
Total Expense 118,086.00
Net Ordinary Income 76,745.00
Net Income 76,745.00
