Verity Zeile F 1 unten
Nettoverlust des Unternehmens
For the Three Months Ended
December 31,
2013 2012
REVENUES:§
Sales§ $ 324,299 $ 94,199
Service§ - 1,922
Verity Farms - -
Total Revenues 324,299 96,121
COST OF GOODS SOLD 157,980 12,654
GROSS PROFIT 166,320 83,467
OPERATING EXPENSES:
Consulting fees 325 170,500
Depreciation§ 36,493 1,325
Management fees - 21,140
Marketing and advertising 15,456 -
Payroll expense 281,118 37,999
Professional fees 77,177 56,559
Rent§ 24,815 -
Repairs and maintenance 7,957 -
Research and development 2,470 31
Travel, meals, and entertainment 32,328 584
Other general and administrative 77,227 58,718
Total Operating Expenses 555,366 346,856
LOSS FROM OPERATIONS (389,046 ) (263,389 )
OTHER INCOME (EXPENSE):
Loss on Derivative liability
Interest expense (72,240 ) (10,000 )
Write-off - Note receivable - -
Misc. Other Income (Expense) 2,027 0
LOSS BEFORE INCOME TAX PROVISION (459,259 ) (273,389 )
PROVISION FOR INCOME TAXES - -
CONSOLIDATED NET LOSS (459,259 ) (273,389 )
Loss on goodwill impairment, Verity Farms - (5,790,922 )
DISCONTINUED OPERATIONS
Income/(Loss) on operations for Focus - -
Net loss (income) attributable to non-controlling interest, Aistiva (2,000 ) 46,705
NET LOSS ATTRIBUTABLE TO COMPANY $ (461,259 ) $ (6,017,606 )
BASIC LOSS PER SHARE $ (0.05 ) $ (0.97 )
WEIGHTED AVERAGE SHARES OUTSTANDING 9,177,201 6,229,292
The accompanying notes are an integral part of these consolidated financial statements.
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