Seven Arts Entertainment Inc (SAPX)

[nhden]

Are you kidding??? 18 million loss 2013 and 12 million in 2012?


Year ended
June 30,
2013
Production
Film Music facility Total
Revenue $ 841,956 $ 574,434 $ 106,417 $ 1,522,807
Cost of Revenue (7,004,141 ) (5,395,410 ) (22,160 ) (12,421,711 )
Gross profit/(loss) (6,162,185 ) (4,820,975 ) (84,257 ) (10,898,903 )
Operating expenses (6,447,117 ) (480,620 ) (361,955 ) (7,860,492 )

Loss from operations $ (12,609,302 ) (5,301,595 ) (277,698 ) (18,188,596 )

Year ended
June 30, 2012
(Restated)
Film Music Total
Revenue $ 4,052,029 $ 5,977 $ 4,058,006
Cost of revenue 14,350,858 39,031 14,389,889
Gross profit/(loss) $ (10,364,937 ) $ (33,054 ) $ (10,331,883 )
Operating expenses 2,467,111 ) 91,505 2,558,620
Loss from operations $ (12,765,944 )) $ (124,559 ) $ (12,890,503 )