Ok, I agree the facts are in the filings. I've compiled information below from the Q ended in March. This is where the stock fell the most, resulting in the largest "income" from the derivative liabilities value changing due to the falling stock price. This is also why in the quarter ended in June, and the August PR, the company touts the six month period
Because that way they can capture the huge change in derivative liabilities, since the stock didn't fall as much between March and June, there's not as much to report in the previous 3 months, versus the previous 6 months.
The true "cash" number is the loss from operations of $664,088. Then comes the "other" income showing millions of dollars from a change on paper of the derivative liability value, which is not cash, just a function of the stock price. Stock price plummeted, showing a gain on fair value of derivatives.
Rental Revenue $ 383,298
Rental Expense (269,087)
Gross Profit 114,211
Operating expenses:
General and administrative expenses 644,773
Selling Expense 6,269
Depreciation Expense 127,257
Loss from Operations (664,088 )
Other Income (Expense)
Licensing Revenue 13,500
Other Income (Expense) 2,691
Interest Expense (710,474 )
Impairment Loss -
Extinguishment of Debt 42,167
Change in Derivative Liabilities 3,057,254
Change in Value of Warrants 119,596
Total Other Income (Loss) 2,524,734
Provision for taxes
NET INCOME (LOSS) $ 1,860,646
Income (loss) per share
Basic $ 0.01
I'm only trying to educate folks on this so as not to be misled by companies claiming this is "real" income.
