$AFPW - For the six month periods ended June 30, 2
Post# of 63828
Posted On: 08/15/2014 10:40:33 AM
$AFPW - For the six month periods ended June 30, 2014 and 2013,
our total revenue was $0 and $13,440, respectively.
The revenue in the June 30, 2013 period was received from the US Air Force
for modifications to the PBIS-2000 unit delivered to them in 2012.
The loss from operations for the six month period ended June 30, 2014
was $394,622 versus $405,318 in the six month period ended June 30, 2013.
This decrease in 2014 was primarily the result of losses associated
with the PBIS-2000 modifications in the 2013 period. The losses included
$167,507 and $167,069 in 2014 and 2013, respectively, comprised of
related party expense that included officer and key employee management fees
as well as rent paid to related parties.
Just pitiful.
I have thought all along they would be doing better before this time.
our total revenue was $0 and $13,440, respectively.
The revenue in the June 30, 2013 period was received from the US Air Force
for modifications to the PBIS-2000 unit delivered to them in 2012.
The loss from operations for the six month period ended June 30, 2014
was $394,622 versus $405,318 in the six month period ended June 30, 2013.
This decrease in 2014 was primarily the result of losses associated
with the PBIS-2000 modifications in the 2013 period. The losses included
$167,507 and $167,069 in 2014 and 2013, respectively, comprised of
related party expense that included officer and key employee management fees
as well as rent paid to related parties.
Just pitiful.
I have thought all along they would be doing better before this time.
(0)
(0)