Hangover Joe's Holding Corp. (fka HJOE)

[greasemonkeyshoes]

$1.2 million LOSS for 4Q 2012......
This number is HUGE and UNBELIEVABLE.Can someone seconds this number? Here is your chance again to prove how great this company is.

A bit of problem:
Total assets = $0.357 million,as of 9/30/2012.

"For the year ended December 31, 2012, we anticipate a consolidated net loss of approximately $2,145,000 or $.03 per common share compared to a consolidated net loss of $257,000 or less than $.01 per common share during the comparable period last year (Note: The 2011 consolidated financial statements of Hangover Joe’s, Inc. are included within our definitive proxy statement filed with the SEC on June 12, 2012). Net sales and gross profits are anticipated to increase approximately $799,000 or 285% and approximately $177,000 or 125%, respectively from the comparable period last year. We anticipate operating expenses increasing $2,048,000 from the comparable period last year. The increase in operating expenses is primarily due to an overall ramp up in sales and marketing efforts and completion of Hangover Joe’s merger/reorganization in July 2012. In addition, the Company recorded a settlement expense of $652,000 during 2012 based on the fair value of 4,500,000 shares of common stock issued pursuant to a settlement agreement reached in January 2013."