Replies to post #382 on BlueFire Equipment Corp (BLFR)

[Voices of Reason]

For the quarter

Sales revenue = $10k (one bit sold at a discount to attempt to win over a customer in West Texas)
Cost of Goods = $16.7k
Gross loss = $6.7k - hopefully their alleged new 3D printing initiative will reduce their cost of goods.....

G&A expenses (gulp!) = $111k
Net loss = $130k

As of September 30, 2013, the outstanding total principal and accrued interest payable was $411,861, of which $11,861 is accrued interest

As of September 30, 2013, they had a working capital deficit of $254,614 and a total accumulated deficit of $458,130.

The good news is that they apparently subsequently sold 8 bits to a company in Hong Kong for $170.6k. Subtracting out the same unit cost of goods ($16.7k each), that would roughly equate to a gross profit of about $37k (assuming no revenue sharing with the distributor) that can go towards that hefty G&A and interest expenses.