Content analysis
?Positive | ||
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Constraining | ||
Legalese | ||
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H.S. sophomore Avg
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New words:
higher, unamortized
Removed:
director, individual, investing, lower, noted
Financial report summary
?Management Discussion
- During the three months ended December 31, 2017 and 2016, the Company did not recognize any revenues from operating activities.
- For the three months ended December 31, 2017, the Company recognized a net loss of $302,449 compared to $239,296 for the three months ended December 31, 2016. The increase of approximately $63,153 was primarily the result of higher general administrative expenses of approximately $24,186, offset by a decrease in professional fees of approximately $7,226, and an increase in interest expense of approximately $1,742 and other expenses totaling $44,451. Other expenses consisted of a gain on settlement of $30,734 and a loss on note payable conversion of $75,185.