"just guessing their profit margin is 15 - 20% (I will take anybodys better guestimates)"
They're all over the place with their profit margin! :
1Q was 0% (negative%)
2Q was 10%
3Q was 46%
2016 was 17%
2) "(iii) We do not expect to purchase additional plant or equipment except as required
from sales growth. "
"DOES THIS MEAN THEY STOPPED THE EXPANSION FOR MANUFACTURING CAPABILITIES?"
To me, it looks like they increased it between 12/31/15 and 3/31/16 by approximately 9-fold / 9 times. That was their only recent expansion.
They went from only $16,985 Fixed Assets (net) at end of 12/31/15, to $141,200 Fixed Assets (net) at end of 3/31/16.
They're at $103,174 Fixed Assets (net) at end of 12/31/16. (One reason for the reduction is Depreciation. The other?? I'm guessing they removed approx. $25,000 of it??? (Who knows???! Only Barry Lamperd, that's who!!!) :-(
We'll have to wait and see what it is at 3/31/17.
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