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Posted On: 04/01/2019 4:59:58 PM
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Form 10-K CREATIVE MEDICAL TECHNOL For: Dec 31
Cost of Goods Sold. We generated $70,375 in cost of goods sold for the year ended December 31, 2018 in comparison with $8,000 for the comparable period a year ago. The increase of $62,375 or 780% is due to the commercialization of the Caverstem procedure that generated sales from cell separation centrifuges and disposable kits and the associated costs of goods sold.
Gross Profit/(Loss). We generated $54,025 in gross profit for the year ended December 31, 2018 in comparison with $3,200 in gross loss for the comparable period a year ago. The increase of $57,225 or 1,788% is due to the increased sales and economies of scale associated with the ongoing commercialization and ramp-up of the Caverstem procedure.
http://archive.fast-edgar.com//20190401/ARA2J...OMB22Z2B2/
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Cost of Goods Sold. We generated $70,375 in cost of goods sold for the year ended December 31, 2018 in comparison with $8,000 for the comparable period a year ago. The increase of $62,375 or 780% is due to the commercialization of the Caverstem procedure that generated sales from cell separation centrifuges and disposable kits and the associated costs of goods sold.
Gross Profit/(Loss). We generated $54,025 in gross profit for the year ended December 31, 2018 in comparison with $3,200 in gross loss for the comparable period a year ago. The increase of $57,225 or 1,788% is due to the increased sales and economies of scale associated with the ongoing commercialization and ramp-up of the Caverstem procedure.
http://archive.fast-edgar.com//20190401/ARA2J...OMB22Z2B2/
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