Labor Smart Inc (LTNC)

[jmurfk]

The Company reported revenues of $2,503,872 resulting in a 115% increase in sales over prior year first quarter revenues of $1,183,716. The Company showed a gross profit of $351,396 with a net income loss of $649,143, which was in part attributed to charges of $250,616 for stock based compensation and $241,376 in financing related costs totaling $491,992 in non-cash write-offs. The Company also saw additional expenses attributed to staff payroll increases as training continues for its expansion team in 2013.

There are many business related articles to read, which may help folks understand the loss column on financials, lol.

You understand what non-cash write-offs are?

To be a newer/growing company, showing this much revenue and gross profit, is impressive.