BTZO 10-k surfaces!!!
Revenues for the year ended December 31, 2015, were $9.9 million as compared to $395,000 generated during the year ended December 31, 2014. Revenue for the year ended December 31, 2015, was $9.5 million in agriculture segment revenue and $403,000 in lifestyle segment revenue. In the comparable period of the prior year, total revenue was $395,000, which amount was produced entirely from apparel sales in our lifestyle segment.
The increase in sales during 2015 from the lifestyle segment included increased sales by the Company’s lifestyle subsidiaries (Lexi Luu and E-motion). In regards to the agriculture segment, revenue in future periods will remain subject to variance in connection with a number of factors, including the rate at which our licensees commence production, the amount of corn oil that our licensees produce, the market price for that corn oil, the extent to which we collect reasonable royalties, and the degree to which we provide event-driven systems integration services to our licensees involving the design, construction, integration and modification of licensed technologies.
Costs of sales for the year ended December 31, 2015 were $3.5 million, including $3.2 million from our agriculture segment and about $325,000 from our lifestyle segment. These amounts compared to about $210,000 in total for the year ended December 31, 2014, all of which were attributable to our lifestyle segment. Our 2015 costs of sales included about $237,000 for a write-down of inventory in our agriculture segment.
We generated $6.4 million in gross profit for the year ended December 31, 2015, as compared to $185,000 for the year ended December 31, 2014. Increased economies of scale with respect to our costs of sales and gross profit can be expected moving forward in both segments during 2016 given our stated growth plans for the year.
Market Data 
Markets 
AI
