SFLMaven Corporation (SFLM)

[SteveMo]

Cut the nonsense out reporting this is a "proven, repeat $6 figure profit earner." That is complete nonsense as I accurately reported last May the REAL numbers SFLM posted. Various other "revenue streams" and "acquisitions" is all pure speculation just like all the talk (with little to no action thus far).

2019 - Total Sales for SFLM = $12,837,260 (less $2,013,335 returns and allowance) = $10,823,925

Cost of Goods Sold (Inventory, Purchases, Packing/shipping, postage & freight, Jewelry repair, certifications etc.) = $10,066,251

Gross Profit= $757,674

Operating expenses (advertising/promotion, auto expenses, bank charges, computer expenses, credit card fees, payment processing fees [Ebay, Paypal], selling fees, dues & subscriptions, entertainment, insurance, internet, license and taxes, meeting/seminars, office expenses, payroll taxes, professional fees, rent, salaries, security, telephone, travel, utilities, web site, interest expense) = $1,296,823

TOTAL LOSS FOR 2019 = $-538,798

$11million in sales, half million total loss! How again is this a repeat 6 figure profit earner?