Followers | 44 |
Posts | 13367 |
Boards Moderated | 0 |
Alias Born | 02/27/2005 |
Thursday, September 13, 2018 2:12:19 PM
Operating Activities
Cash provided by operating activities
The Company lost $2,817,518 in cash from operating activities for the year ended December 31, 2016 as compared to a loss of $1,279,345 for the year ended December 31, 2015. This increased cash loss used in operating activities is primarily attributed to increased marketing initiatives, celebrity related promotions, technology, mobile application development, and server infrastructure scaling.
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