TSXV:YDX.H - Post by User
Comment by
Olimpuson May 01, 2017 11:10pm
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Post# 26190308
RE:RE:YD overall not bad
RE:RE:YD overall not badFarminch wrote: Doesn't look that bad to me isn't it??
The Company 's gross profit increased by $1,051,846 from $1,758,452 in fiscal 2015 to $2,810,298 in fiscal 2016. Working capital, which is comprised of current assets less current liabilities, was $656,791 at December 31, 2016 compared to a working capital deficiency of $970,890 at December 31, 2015.
During the year ended December 31, 2016, the Company reported a net loss of $3,768,077 ($0.15 basic and diluted loss per share) compared to a net loss of $709,050 ($2.20 basic and diluted loss per share) during the year ended December 31, 2015. The listing cost associated with the RTO accounted for 76% of the net loss during the year ended December 31, 2016, and Nil% for the year ended December 31, 2015.
So 2.8M in loss is from the RTO which leaves 904K loss but at the same time they had a working capital deficiency of 970k in 2015. Now they have a 656k assets less liabilities.
That is a 1.6M dollar swing but at teh same time the wording is a littel confusing?