Grapefruit USA Inc (GPFT)

[_Marti_]

Not really good news other than they did actually sell a significant amount. No where near enough to cover costs though. That's a gross profit of 0.96%. Definitely not a sustianable business model with those margins. I'd be running for the hills.

Net revenues $ 1,274,211
Cost of goods sold 1,262,087
Gross profit 12,124
General and administrative expense 724,274
Income (loss) from operations (712,150)
Change in value of derivatives (931,882)
Interest and other income (expense) (736,510)
Provision for income taxes -
Net (loss) income $ (2,380,542)