Wow, I was right on with that post, thanks for posting... re
"So that leaves us now with a NET PROFITABLE company as reported in the third quarter, with the prospects for much larger revenues and NET PROFITS in the fourth quarter, and then huge growth, and I am not hyping, HUGE GROWTH in 2015 in both Revenues and NET PROFITS."
And keep reading... because it gets better and better...
Gross Revenue - $27,600,000
Net Revenue - $17,600,000
Gross profit- $15,623,702
NET PROFITS before taxes - $5,500,000
NET PROFITS after taxes - $3,182,000
BASIC NET INCOME per SHARE - $0.01
Cash and cash equivalents, end of period - $4,839,476
Accounts receivable, net of current portion- $11,510,012
Total assets $26,004,489
Gross billings receivables sold $0.00 (no factoring)
Interest Expense
Interest expense for the second quarter of 2015 was $134,324 which predominantly resulted from interest on notes payable – no factoring was done in this period. For the comparable period of 2014, interest expense was $9,558,629 and consisted of factoring-related interest of $9,188,446 and other interest of $370,183.