Bemax Inc (BMXC)

[FORDGT]

Sales or Revenue Growth
+309.01%
Our cost of goods sold was $303,340 and $476,797 for the years ended May 31, 2017 and 2016, respectively. In the latter half of the fiscal year ended May 31, 2017 management decided the sell its current inventory at reduced prices in order to allow for faster sales to create room for the introduction of higher quality products to the US market. As a result, we impaired the inventory, writing off $194,320 to cost of goods sold.