Jonnyboy85 wrote: Sorry, I was mixing up two concepts, I was on a train of thought related to assets (will post about that soon:) when I replied. What I can tell you about the revenue calculation was that you can completely remove revaluations of warrant liabilities ( it's arbitrary and represents little to no cost to the company, in fact we make money from them), and you can remove $404,560 of share based compensation, it actually makes us money when they are excersized, somewhat in the same way warrants make us money as well, though again both are dilutive. You can also leave out depreciation (-72,537), because it's not a cost per se, but it does help us on our taxes lol
So remove those two and you have,
Total revenues
+1,464,155 Cost of goods sold
-973,502 General and administrative -1,181,580 [1,181,580 - $404,560 ( share based compensation)]
General and administrative recalculated removing share based compensation
-777,020 Finance costs
-103,468 So realistically we near broke even on our operating costs versus revenue.
$1,464,155 revenue - 1,853,990 costs = 389,835 loss which is under a penny per share:)
So the moral of the story is we have a lot of "losses" that aren't real losses, in fact most of them will end up being very valuable to us, but they have to be accounted for somewhere and because they are technically debts, on paper they count against our revenue.
MSmitty2020 wrote: Buying inventory of supplies does not get expenses it is inventory on the balance sheet as an asset until it is consumed then it gets expensed so that logic doesn't work for me ... unless they are not putting supplies to inventory in which case perhaps they should