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Re: noquit post# 12125

Thursday, 08/26/2010 5:29:03 PM

Thursday, August 26, 2010 5:29:03 PM

Post# of 38585
Do you not read the financials?

http://ih.advfn.com/p.php?pid=nmona&article=43606248&symbol=LFBG

Fiscal Years Ended March 31, 2010 and March 31, 2009



Net Revenues



We recorded net revenues of $111,572 for the fiscal year ended March 31, 2010 compared to $196,316 in the fiscal year ended March 31, 2009, a decrease of $84,744, or forty three percent (43%). The revenue level declined due to reduced cash receipts from sell through in the Christian bookstore marketplace as we focused our sales efforts largely back into large retail stores and the church marketplace. During the fiscal year ended March 31, 2010, we sold through 4,694 units at our large retail store customers.

Selling, general and administrative expenses were $1,069,386 for the fiscal year ended March 31, 2010,

Advertising and marketing expenses were $946,772 for the fiscal year ended March 31, 2010

Legal Fees were $978,149 for the fiscal year ended March 31, 2010

Wages and salaries were $4,110,541 for the fiscal year ended March 31, 2010

Product development expenses were $140,307 for the fiscal year ended March 31, 2010

We recorded other expense of $637,715 in the fiscal year ended March 31, 2010

As a result of the above factors, we reported a net loss of $7,837,000 for the fiscal year ended March 31, 2010

Yeah, it's true alright. 100% fact. undisputed, signed off by Troy himself.


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