Friday, February 17, 2012 12:09:34 AM
ECOB's rustlin around before tomorrows storm?
Look at the volume. $15,000 buy today at 1:45. Financials released at 5:30PM
Results of Operations for the Three Months Ended December 31, 2011 as Compared to the Three Months Ended December 31, 2010
Revenues and Cost of Sales - For the three months ended December 31, 2011 we had total revenues of $996,845 from product sales, as compared to $368,482 in revenues from product and equipment sales for three month period ended December 31, 2010. Our cost of sales and gross profit for the three months ended December 31, 2011 was $907,371 and $89,474, respectively. This is compared to our cost of sales and gross profit for the three months ended December 31, 2010 of $309,707 and $58,775, respectively. Sales have not yet developed to sufficient levels to improve efficiencies and margins.
Operating Expenses - For the three months ended December 31, 2011, our total operating expenses were $1,719,661 as compared to $1,405,814 for the three month period ended December 31, 2010. Included in our operating expenses for the three months ended December 31, 2011 were compensation and related costs of $649,145. Professional fees included in our operating expenses for the three months ended December 31, 2011 amounted to $226,784. Other significant operating costs we incurred during the three months ended December 31, 2011 included rent of $96,037, consulting fees of $32,461, marketing of $44,079, research and development of $37,585, and other general and administrative costs of $619,840. Include in the other general and administrative costs, our amortization expense for the three months ended December 31, 2011 was inclusive of $252,096 amortization of prepaid loan fees that arose from the issuance of 50,000,000 warrants in July 2011 to a related party as consideration for access to a $5,000,000 revolving line of credit.
Our operating expenses for the three months ended December 31, 2010 consisted of $197,787 of compensation and related costs, $164,758 of professional fees, $91,434 of rent expense, $21,910 of consulting fees, $35,193 of research and development expense, $9,455 of marketing expense, and $885,277 of other general and administrative expenses. Include in the other general and administrative costs, our amortization expense for the three months ended December 31, 2010 was inclusive of $730,636 amortization of prepaid loan fees that arose from the issuance of 50,000,000 warrants in July 2011 to a related party as consideration for access to a $5,000,000 revolving line of credit.
Look at the volume. $15,000 buy today at 1:45. Financials released at 5:30PM
Results of Operations for the Three Months Ended December 31, 2011 as Compared to the Three Months Ended December 31, 2010
Revenues and Cost of Sales - For the three months ended December 31, 2011 we had total revenues of $996,845 from product sales, as compared to $368,482 in revenues from product and equipment sales for three month period ended December 31, 2010. Our cost of sales and gross profit for the three months ended December 31, 2011 was $907,371 and $89,474, respectively. This is compared to our cost of sales and gross profit for the three months ended December 31, 2010 of $309,707 and $58,775, respectively. Sales have not yet developed to sufficient levels to improve efficiencies and margins.
Operating Expenses - For the three months ended December 31, 2011, our total operating expenses were $1,719,661 as compared to $1,405,814 for the three month period ended December 31, 2010. Included in our operating expenses for the three months ended December 31, 2011 were compensation and related costs of $649,145. Professional fees included in our operating expenses for the three months ended December 31, 2011 amounted to $226,784. Other significant operating costs we incurred during the three months ended December 31, 2011 included rent of $96,037, consulting fees of $32,461, marketing of $44,079, research and development of $37,585, and other general and administrative costs of $619,840. Include in the other general and administrative costs, our amortization expense for the three months ended December 31, 2011 was inclusive of $252,096 amortization of prepaid loan fees that arose from the issuance of 50,000,000 warrants in July 2011 to a related party as consideration for access to a $5,000,000 revolving line of credit.
Our operating expenses for the three months ended December 31, 2010 consisted of $197,787 of compensation and related costs, $164,758 of professional fees, $91,434 of rent expense, $21,910 of consulting fees, $35,193 of research and development expense, $9,455 of marketing expense, and $885,277 of other general and administrative expenses. Include in the other general and administrative costs, our amortization expense for the three months ended December 31, 2010 was inclusive of $730,636 amortization of prepaid loan fees that arose from the issuance of 50,000,000 warrants in July 2011 to a related party as consideration for access to a $5,000,000 revolving line of credit.
Someone gift me a subscription :)
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
