Respect Your Universe Inc (RYU)

[dickydan]

RYUN 2+M loss! Latest 10-Q

Respect Your Universe, Inc.

(A Development Stage Company)

Statements of Operations

Unaudited




From November 21, 2008


Three Months Ended

Six Months Ended

(Inception) to


June 30, 2012

June 30, 2011

June 30, 2012

June 30, 2011

June 30, 2012


Revenues, net
$ 107,522 $ - $ 171,648 $ - $ 176,456

Cost of goods sold
61,796 - 97,708 - 106,922

Gross profit
45,726 - 73,940 - 69,534

Operating expenses

Marketing and advertising
783,259 213,955 1,444,106 213,955 2,343,616
Marketing and advertising - related party
- - - - 63,900
Product creation
156,640 - 156,640 9,912 166,856
Product creation - related party
160,421 24,000 475,821 154,162 1,832,666
General and administrative
1,556,053 1,323,557 2,546,554 1,345,079 8,405,063
Loss on impairment of website
- - - - 31,890
Total operating expenses
2,656,373 1,561,512 4,623,121 1,723,108 12,843,991

Net loss
$ (2,610,647 )
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