Replies to post #6966 on Myriad Interactive Media, Inc. (fka MYRY)

[StocktraderDK]

During the three months ended September 30, 2014, we earned revenue of $20,100. We incurred operating expenses in the amount of $80,288 for the three months ended September 30, 2014, consisting of professional fees in the amount of $30,240, general and administrative expenses of $14,453, depreciation and amortization of $13,635 and stock-based compensation of $21,960. In addition, we incurred interest expense of $177, an amortization of debt discount expense of $3,950, a change in the fair value of derivative liability of $16,833 and a loss on stock issuance of $5,812, leading to a loss of $86,960 and a loss on foreign currency adjustment of $1,484. As a result, we incurred a comprehensive net loss of $85,476 for the three months ended September 30, 2014. By comparison, for the three months ended September 30, 2013, we earned revenue of $18,865. We incurred operating expenses of $111,402 during the three months ended September 30, 2013, consisting of professional fees in the amount of $66,193, general and administrative expenses of $23,961, and depreciation and amortization of $21,248. We incurred a net comprehensive loss of $92,943 during the three months ended September 30, 2013.