Replies to post #31143 on World Moto Inc. (fka FARE)

[Jeep_Guy]

They showed $1,500 in rev on the last K. Probably the sale of a dozen meters to select distributors.

[sewer182]

1.5 tears ago is within the range of this Q. When are you going to realize that WM HAS NO income?



For the three months ended


March 31,


2016

2015


Revenues
$ - $ - ZERO REVS.

Operating expenses:

Research and development
54,159 102,825
General and administrative
90,712 99,249
Total operating expenses
144,871 202,074

Loss from operations
144,871 202,074

Other income/expense:

Interest expense
285,857 323,170
Other income
(5,900 ) -
Change in fair value of derivative liabilities
(140,034 ) 352,807
Loss on settlement of debt
9,770 (70 )
Total other expense
149,693 675,907

Net loss
$ (294,564 ) $ (877,981 )

Other comprehensive income (loss):

Foreign currency translations
(261 ) (449 )

Total comprehensive loss
$ (294,825 ) $ (878,430 )

Net loss per common share - basic and diluted
$ (0.00 ) $ (0.00 )

Weighted average number of common shares outstanding – basic and diluted
1,147,960,137 415,699,254

The accompanying notes are an integral part of these unaudited financial statements.

[Cashus8529]

What do you mean you got your meter for free