Replies to post #82469 on Amfil Technologies Inc (FUNN)

[magikalalpha]

I am looking forward to reading the audited financials along with the notes.

[Smith Sam]

That's a great question and here's the answer:

S&L hired a bunch of new employees and started training them months ago which resulted in a large amount of expenses.

There was also $1M worth of cost incurred in construction and further expansion of the third location which just opened. Most of the costs would be capitalized and expensed over a period of time, however, a portion of the cost would have been epxpensed immediately when incurred. Hope this helps.

There should be a break down of the revenue streams in at least the MDA section of the Financial Statements.

Haven't found any penny stocks that is run as professionally and has as much potential as Amfil tech.

$AMFE!!!

[User-65225]

Admin costs: The company has been heavily reinvesting profits to fuel its expansion since Fiscal 2017. The significant profit increases posted in our recent Q1 2018 financials are a direct result of reinvesting profits to aggressively expand the Snakes & Lattes distribution business last year.

The company continued to reinvest profits into the expansion of operations through Q1 2018. Staff training, construction, administrative, and general expenses have been increased due to the upcoming opening of the new 'Midtown' Snakes & Lattes location. This has resulted in the net income being temporarily suppressed, yet still profitable as we position the company for increased revenues and profitability moving forward. The increased staff training costs, and a large portion of the general and administrative costs will be optimized once the 'Midtown' location begins generating revenues, which is expected in the coming weeks, resulting in increased profitability and net income.

The Fiscal Q1 2018 revenues have made a powerful statement. The revenue and gross profit numbers truly confirm the effectiveness and sustainability of the company's growth strategy. The company remains on a clear upwards trajectory with increasing momentum in terms of revenues, profits, expansion, and diversification of revenue streams. The company continues to post quarter over quarter growth, which have now almost paralleled revenues of our most recent entire Fiscal Year End. Combined with the aggressive expansion of all business divisions, the company has positioned itself for continued growth and increased profitability throughout Fiscal 2018 and into the foreseeable future.

http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-Fiscal-Q1-2018-Revenues-up-20-619--Year-Over-Year-to--5-900-346-Setting-A-New-Quarterly-Financial-Record-For-The-Company?id=173018&b=y

[User-65225]

Repost: The new employees have absorbed a lot of their profits. Before the Q started they hired 30+ people (including managers), whom are not yet generating us any $$$, because of construction delays on the 3rd/largest location.

They’ve also been expanding their warehouse, franchising infrastructure, new office building, new Snakes location, websites, international distribution infrastructure, etc... along with covering the overhead for the GRO3 sub, which is about to go from zero to 7 figures. This will have a powerful impact because IMO the G3 margins will be very strong, along with the margins for the self published titles.

These things are eating into their profits, but like Roger said, its only short term and the profits will be much larger in the future.

There is no better time to find an emerging small cap. Their business model is proven/profitable, with massive expansion potential. They are past the ultra-risky stages for a penny stock. AMFE is a growth stock now

[Goodbuddy4863]

The overall earnings speak for themselves.

Most of the earnings came from Revenues with Snakes and Lattes, while quite a tidy sum came from Game Distribution.

As far as Your statement Goes:
______________________________________________
"Also would like to see a break down of earnings from sales of games, stores, and other earnings."
______________________________________________

You would have to contact AMFE accounting department to get those figures as most companies with 3 subsidiaries do not report those figures separately.

Here is the best I can give You:

Q2/2017 = $1,542,389
Q3/2017 = $1,809,064
Q4/2017 = $3,678,780

Full Year 2017 = $6,630,973

Q1/2018 = $5,900,374[Ever increasing Revenues each Quarter].

Note:
You picked a winner with this one!

[Goodbuddy4863]

Forgot this:

I would imagine most of the expenses came from this.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136714842

Plus AMFE had to spend money for Game Board Warehouses and distribution start up.

Plus other various expenses.

Natural Stuff Acquisition was acquired by dispensing of shares.

Hope this helps solidify Your position.