Q2 Results: What Happened to Revenues? On SEDAR we find the Interim Financial statements to June 30 2013. I see a listing of expense but where are the revenues? Am I missing something?
When I look at the MD&A, also just posted I see this mumbo jumbo. Read it carefully and see if you can discern the Q2 revenues.
Rental income of $1,065,861 (2012 - $43,288) was higher for the six months ended June 30, 2013 as the Company owned Intercept Rentals for the full six month period in 2013 as compared to the prior period in 2012 which includes one full quarter and plus 11 days of income (as Intercept Rentals was acquired on March 20, 2012). Rental income for the second quarter of 2013 was $128,597, a noticeable increase over the $ 43,268 recorded in the second quarter of 2012.
So am I correct here?
Rental Income for Q1 ... $937,264
Rental Income for Q2 ... $128,597
That looks like a revenue drop of 84% between Q2 and Q1.