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Re: Dubbie1 post# 30505

Tuesday, 08/29/2023 1:20:18 PM

Tuesday, August 29, 2023 1:20:18 PM

Post# of 30798
I just read the Annual Report and it is so screwed up it looks like a 2nd grader didn't them.

Here is an example:

Revenues
Cost of Revenues $60,000
General & Administrative $58,000
Gross Profit $2,000

Operating expenses
General & Administrative $54,244
Total Operating Expenses $54,244

Net Operating Income (Loss) $(52,244)

There isn't any Revenue but a Cost of Revenue is $60,000 and SGA of $58,000 - then a Gross Profit of $2,000

Then under Operating Expenses they have SGA again but this time it is $54,244

And a Net Loss of $52,244.

Looks like you are the one who is eating crow. Because this is another disaster.

IG


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