Wednesday, July 04, 2012 12:56:46 PM
For example, take the Income Statement:
Income Statement (in $):
Dec 2011 (Q4):
Total Income: 430,139.36
Net Income Before expenses: 220,626.40
Net income: -62,711.79
Mar 2012 (Q1):
Total Income: 1,776,445.64
Net Income Before expenses: 1,414,959.71
Net income: 1,208,135.90
Very, very different.
As for licensing?
A) Licensing fees can be recurring
B) The values are totally different
C) They could very well have been licensing for different goods (only the Q1 is specific: "Licensing Fees Hemp Oil".
You're just simply wrong about them being the same. The new financials (Q1 2012) are completely different from Q4 2011.
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