Key Points - 2021 Annual Report - Filed March 30,
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(Total Views: 444)
Posted On: 03/30/2022 8:45:46 PM
Key Points - 2021 Annual Report - Filed March 30, 2022
Filed on time - will remain OTC Pink Current
As at December 31, 2021 compared to December 30, 2020
Total Current Assets: $1,385,723 - up from $400,144 - up 246%
Total Assets: $1,977,288 - up from $838,272 - up 135%
Total Sales Income: $11,092,725 - up from $8,473,292 - up 31%
Less Returns & Allowances: ($1,090,841) [9.8% of sales] - ($1,057,482) - [12.4% of sales] - Return Rate reduced by 26.5%
Total Sales: $10,001,884 - up from $7,415,810 - up 34.87%
Total Cost of Goods Sold: $8,614,698 compared to $8,235,908
Gross Profit: $1,387,186 compared to ($820,098) - improved by $2,207,284
Total Operating Expenses: $1,688,386 compared to $1,870,088 - reduced by 10%
Operating Income: ($301,200) compared to ($2,690,186) - improved by $2,388,986
Net Income: ($301,020) compared to ($4,450,475) - improved by $4,149,455
Cash At Beginning of Period: $3,392
Cash At End of Period: $264,833 - up $261,441
https://www.otcmarkets.com/otcapi/company/fin...59/content
Filed on time - will remain OTC Pink Current
As at December 31, 2021 compared to December 30, 2020
Total Current Assets: $1,385,723 - up from $400,144 - up 246%
Total Assets: $1,977,288 - up from $838,272 - up 135%
Total Sales Income: $11,092,725 - up from $8,473,292 - up 31%
Less Returns & Allowances: ($1,090,841) [9.8% of sales] - ($1,057,482) - [12.4% of sales] - Return Rate reduced by 26.5%
Total Sales: $10,001,884 - up from $7,415,810 - up 34.87%
Total Cost of Goods Sold: $8,614,698 compared to $8,235,908
Gross Profit: $1,387,186 compared to ($820,098) - improved by $2,207,284
Total Operating Expenses: $1,688,386 compared to $1,870,088 - reduced by 10%
Operating Income: ($301,200) compared to ($2,690,186) - improved by $2,388,986
Net Income: ($301,020) compared to ($4,450,475) - improved by $4,149,455
Cash At Beginning of Period: $3,392
Cash At End of Period: $264,833 - up $261,441
https://www.otcmarkets.com/otcapi/company/fin...59/content
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.