CMG Holdings Group Inc (CMGO)

[ORCA]

THIS IS WHY THE DUMPAGE.ZERO REVENUES??UNREAL.RESULTS OF OPERATIONS FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2020
Gross revenues decreased from $716,892 for the three months ended March 31, 2019 to $0 for the three months ended March 31, 2020. The decrease in revenues was mainly attributable to the worldwide pandemic that took place during the quarter. At least two major jobs that were scheduled for the first quarter were canceled due to the pandemic.
Net income increased from $565,383 for the three months ended March 31, 2019 to net loss of $74,538 for the three months ended March 31, 2020. The decrease in net income to net loss was mainly attributable to the worldwide pandemic that took place during the quarter. At least two major jobs that were scheduled for the first quarter were canceled due to the pandemic.