Aurora Spine Corp V.ASG

RE:ASG

[Screefer]

Personally, I like the direction it is taking.
It will take more time though unless they can further push the increased sales - which I think they are doing.

From Q1 financials:

In 2016, the company will focus on:

• Aggressively continuing strategy of building a revenue base in the North American and European markets; the company will accomplish this by expanding product usages with its current distribution network, developing new distribution channels and training new surgeons on the Aurora product advantages;
• Expanding sales teams in the United States by region

	Q1 2016	Q4 2015	Q3 2015	Q2 2015	Q1 2015
SALES	1,549,125	1,495,319	1,173,017	934,145	1,298,144
Cost of goods sold	744,094	731,166	429,875	425,945	622,518
GROSS PROFIT	805,031	764,153	743,142	508,200	675,626
GROSS MARGIN	52.0%	51.1%	63.4%	54.4%	52.0%
Gain on extinguishment of debt		205,316
	805,031	969,469
OPERATING EXPENSES
Executive compensation	106,792	85,141	120,532	166,756	171,357
Salaries	313,642	342,278	338,890	351,455	456,824
Consulting fees	57,248	32,731	19,580	22,191	22,976
General and administrative	153,014	267,918	295,546	21,714	641,362
Research and development	8,408	21,858	4,440	11,044	40,777
Bad Debt
Marketing	6,312	194,292	25,309	44,666	23,414
Occupancy	57,072	65,166	63,669	72,865	62,299
Professional fees	103,822	26,027	189,227	-36,026	233,795
Stock based compensation	44,615	50,884	50,884	50,884	40,789
Insurance	69,819	91,080	61,223	63,709	85,298
Depreciation	190,501	190,500	188,964	178,154	181,707
TOTAL OPERATING EXPENSES	1,111,245	1,367,875	1,358,264	947,412	1,960,598
NET LOSS	-306,214	-603,722	-615,122	-439,212	-1,284,972