Vortex Brands Co (VTXB)

[surfkast]

Our loss from operations over the period covered by this semi-annual report was ($251,917), a 22% increase from loss from operations of ($205,923) in the same period of 2018.



The Company’s operating expenses consist of research and development, technology, professional services, and general & administrative costs. Operating expenses for the six months ending August 31, 2019 were $143,775 compared with $101,457 over the six-month period ending August 31, 2018. The difference was largely due to increased administration costs associated with professional services, as well as an increase in research and development costs with the vendor as they made improvements to streamline and enhance production of the PAS system.


On February 25, 2019, the Company’s Regulation A was qualified by the SEC (File number 024-10875) with gross proceeds of $145,000 raised through the sale of common stock.

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