Our primary source of operating cash has been through the sale of equity and through the issuance of convertible secured promissory notes and other short term debt
This below basically tells what is up. The "cost of the sales" is high. Take that away from the net sales.....you got 3.6 mill dollars. Take expenses ....many.....from that....you are in a hole. The many different expenses are reported in the report.
Three Months Ended March 31, 2012
Sales - net $ 16,560,680
Cost of sales 12,895,162
Gross profit 3,665,518
General and administrative expenses 4,392,811
Loss from operations (727,293 )
Expense - net (15,308,000 )
Net loss $ (16,035,293 )
Most everything seems to be an "improvement" compared to past....but.....IMO...the cost/profits......is improving SLOWLY.
This company will get there....slower than I projected.
cheers
mudd
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