Flitways Technology Inc (FTWS)

[tchalla]

no, you need to accept the facts of a balance sheet. and yes, derivative liabilities count, as do the changes in their fair value, because they are liabilities.

Sales revenue 10 906,461
- Services revenue 307,350
Revenue 1,213,811

Less: Cost of sales 11 (1,073,201 )
Gross Profit 140,610

Less:
General and administration expenses 12 (1,099,800 )
Advertisement and marketing expenses (375 )

Profit / (loss) from operations (959,565 )

Interest expense 13 (686,464 )
Change in fair value of derivatives 14 (55,883,977 )
(56,570,440 )

Profit / (loss) before tax (57,530,006 )

Provision for income tax –

Net Profit / (loss) (57,530,006 )