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Monday, March 25, 2013 10:00:17 AM
Additionally, during September and October 2012, we processed a significant amount of heat transfer fluid that we were able to secure in large volumes and allowed us to increase maximize our processor up-time during this period. We received the necessary approvals to perform a trial in which we processed plastic with heat transfer fluid to ensure that our testing and assumptions regarding this were accurate. These assumptions were confirmed during our stack test in December 2012.
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The negative gross profit related to our fuel sales of $62,397 is due primarily to the processing of a significant amount of heat transfer fluid that we were able to secure in large volumes and allowed us to maximize our processor up-time and revenues primarily in September and October 2012. Management believes this was an important and necessary step to provide us with key production data as we continue to enhance our production roll-out strategies. Our long term strategy regarding this material is to identify sources and channels at a significantly lower cost than we paid during this time period, in order to not only maximize revenues and processor up-time, but also to maximize our gross profit. Additionally, with the increase in plastic to be processed both at our recycling facility and at our Niagara Falls facility in late 2012, we experienced some challenges in logistics, processing times and storage while managing the increase in volumes of plastic to be processed.
not my area of expertise .. pattern recognition is
MLM playing White: Queen sacrifice bait and mate in 7
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