Durango,
You havent got a clue. No ideal what you are talking about. Did you read this. bgnn made 177k for THE YEAR. All this other hokus pokus is BS. You can only buy stuff with real money. As wave said, just wait and see.
Results of Operations 2010 Compared to 2009
Total revenues increased $69,078 (63.9%) for the year ended December 31, 2010 to $177,198 as compared to $108,120 for the year ended December 31, 2009. This increase is mainly attributed to the sale of the Company’s “green” products. The Company continues its efforts to market and sell its products through a distribution network. B Green has entered into distribution agreements with reputable distributors that have proven themselves within their territories and industry segments. The Company continues to evaluate additional products to its product line as well as expanding its distribution channels. Recently, the Company released its new 100% Degradable / Biodegradable Compactor Bags. The Company continues its efforts to market and sell its products through a distribution network. B Green has entered into distribution agreements with reputable distributors that have proven themselves within their territories and industry segments.
Maintenance services on IVR products continue to decline as the Company continues to phase out of this market and focusing its efforts on the sale of “green” products. There can be no assurance that sales of “green” products will increase or that the Company will be able to achieve profitable operations.
Gross profit increased $31,533 (51.3%) to $93,079 for the year ended December 31, 2010 as compared to $61,526 the same period in the prior year as a result of the increased volume for “Green” products. The gross profit percentage was 52.5% for the year ended December 31, 2010 as compared to 56.9% for the year ended December 31, 2008 as maintenance services were a higher percentage of sales in 2009. Maintenance services on IVR products yield a very high gross profit as a result of the limited costs needed to support these products as compared to the manufactured “Green” products.
Total operating expenses increased to $646,316 for the year ended December 31, 2010 from $596,002 for the previous year, an increase of $10,314 (1.7). This increase is mainly attributed to increased selling expenses for the Company’s “green” products partially offset by lower administrative service expenses.
Loss from operations for the year ended December 31, 2010 increased $18,761 (3.5%) to $553,237 as compared to a loss from operations of $534,476 for the year ended December 31, 2009. The increase in loss from operations was the result of the factors discussed above.
Total other income was $1,540,868 for the year ended December 31, 2010 as compared to an expense of $1,686,943 for the year ended December 31, 2009. This increase in other income is primarily attributed to the gain on the extinguishment of the derivative liability as a result on the conversion to preferred stock and lower loss on revaluation of derivative.
Net income for the year ended December 31, 2010 was $987,631 as compared to a loss of $2,221,419 for the year ended December 31, 2009. The increase in net income was the result of the factors discussed above.
AI
