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Thursday, May 09, 2019 6:43:27 PM
from 10-q/10-k:
item 11: executive compensation
(1) Represents salaries paid during the years ended September 30, 2018, and 2017. Mr. Shrewsbury has elected not to receive salary in 2018 and 2017. Mr. Fuentes receives an annual salary of $104,000.
(2) Represent lease payments payable pursuant to a lease agreement between the Company and Mr. Shrewsbury and Mrs. Shrewsbury. Management believes that the current rental(of $24k) is below market value for similar warehouse and land space.
following is a new disclosure,more transparency,added to the last ER,
note 6 - revenue class
December 31, 2018 December 31, 2017
Revenue
Rail Products$ 904,783 $ 916,008
Mining Products 103,961 83,468
Total $ 1,008,744 $ 999,476
Direct cost of revenue
Rail Products $ 735,489 $ 778,452
Mining Products 93,207 81,002
Total $ 828,696 $ 859,454
or
q/q margin expansion
Rail Product 85%-81%=400 basis point(to 90% of revenue)
Mining Product 97%-90%=700 basis point(to 10% of revenue)
or
its business model generates higher margin for every accretive dollar in.
plus
Inventory realignment:
Year Ended 9/30/2018 9/30/2017
Mining $ 729,169 $ 878,628
Rail $ 1,069,371 $ 811,722
Total $ 1,798,540 $ 1,690,350
ps-again,my hope is to see a 200+ basis improvement,well overdue and well deserved to the longs.
ps2-is txhg a hedge(likely benefactor) from the impending trade war?i think so.Another 15% non-cash-adjustment gain from its inventory likely.wooowwww.
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