10QSB
For the nine month period ended January 31, 2007, we incurred a loss from operations of $806,786. Revenues, net of costs of goods sold were $333,425 in the period. Our principal areas of expenditure during the period were for Management fees of $301,021, accounting &legal fees of $110,153, a bad debt expense $239,370, rent & insurance of $73,164 and Wages, Benefits & SubContracts of $254,680. Costs incurred in the nine month period to January 31, 2007 increased over the comparative period in 2005 due to the commencement of commercial activities and the reorganization of Galaxy, Stream Horizon Media, and Infotec.
For the three month period ended January 31, 2007, we incurred a loss from operations of $606,995. Revenues, net of costs of goods sold were $11,695 in the period. Our principal areas of expenditure during the period were for Management fees of $126,453, accounting &legal fees of $ 69,425, rent & insurance of $30,434, a bad debt expense of $239,370 and Wages, Benefits & SubContracts of $74,831. Costs incurred in the three month period to January 31, 2007 increased over the comparative period in 2005 due to the commencement of commercial activities and the reorganization of Galaxy, Stream Horizon Media, and Infotec
Where are 100K revenues per months from adverts only? Why there is January PR about fantastic cooperation with Mazsky international if we have Bad debt there for invoice of October 31, 2006 which seems to be never paid and that is why legal actions has been started? Either I am missing here something or Arthur Griffith is doing the same deal here like with canucks.....
What is so exciting about first quater 2007 if January itself seems to be a disaster?
