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Revenue decreased OVER 46% for the quarter! Costs to produce that revenue increased 11%!
The operational loss for the Quarter increased $46,631 - over 54%!
Cash decreased $35,000 to $22,000.
Revenue for the United States for the three months ending May 31 was $12,755!, Revenue for the UK for the three months ending May 31 was $29,580. So, knowing that there is only one US "client", using those figures we can extrapolate that the "client" is paying approximately $4,251.66 per month.
For the UK client(s?), we can extrapolate the revenue of $29,580 per quarter to mean a monthly revenue figure of approximately $9,860 per month.
Borrowing for the three month period increased $179,940, an increase of over 6.4%.
Accumulated deficit increased to over $17.8 MILLION.
Nothing you have ever stated on this board has been true.
Thanks Jet for all the great info pointing out how big a scam DBMM and Poo28 really are
'
Jetmek_03052
Member Level
Re: Stock_Barber post# 348960
Monday, July 15, 2024 6:02:57 PM
Post#
348963
of 349170
The quarterly was even a BIGGER disaster than I anticipated!
I'll say! Man. What a HORRIBLE 10Q.
The numbers speak for themselves.
Revenue decreased OVER 46% for the quarter! Costs to produce that revenue increased 11%!
The operational loss for the Quarter increased $46,631 - over 54%!
Cash decreased $35,000 to $22,000.
Using the figures listed under "Foreign Operations" in both the last 10Q (for the period ended February 29th), and the figures in today's 10Q (for the period ended May 31st) we can figure the revenue.
Revenue for the United States for the three months ending May 31 was $12,755!, Revenue for the UK for the three months ending May 31 was $29,580. So, knowing that there is only one US "client", using those figures we can extrapolate that the "client" is paying approximately $4,251.66 per month.
For the UK client(s?), we can extrapolate the revenue of $29,580 per quarter to mean a monthly revenue figure of approximately $9,860 per month.
Borrowing for the three month period increased $179,940, an increase of over 6.4%.
Accumulated deficit increased to over $17.8 MILLION.
As far as net income loss? Linda once again performed some tricky dick accounting moves with the "interest expense" and the "foreiegn exchange" translation and made the net loss look as if it improved. But it really didn't.
The bottom line continues to be that Digital clarity is earning CRAP for revenue and the expense to produce that revenue continues to climb.
One puzzling thing is that the accrued compensation for Linda actually went down for the three months ending May 31st!
Listed for the period ending Feb 29th - $1,148,077 and $1,313,536, respectively.
Listed for the period ending May 31st - $1,130,027 and $1,313,536, respectively.
Looks like either there is a problem with the numbers in the report, or Linda took approximately $18,050 in a cash payment of some type. I assume that the first figure is Linda because it is greater. I believe the only way an accrued amount can go DOWN is if someone removes money from the account. Like I said, it may be an error in the filing.
08/06/24 1:00 PM
