For the year ended December 31, 2018, we had $1,075,153 in revenues and $731,530 in Cost of Sales from continuing operations compared to $4,606 in revenues and $2,382 in Cost of Sales from discountinued operations for the year ended December 31, 2017. Operating expenses increased from $357,565 in 2017 from discontinued operations to $1,265,428 from continuing operations in 2018. The reasons of the increase in revenue, cost of goods sold and operating expenses are the change in control, the discontinuance of the cigar business, and the acquisition of Northway Mining, LLC.
Depreciation Expenses increased by $21,496 during the year ended December 31, 2018 compared to the same period in 2017. The reason for such increases was the acquisition of Northway Mining, LLC and the fixed assets involved in that transaction.
Payroll Expenses increased by $231,655 during the year ended December 31, 2018 compared to the same period in 2017. The employess working in Northway Mining until laid-off made such increase.
We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.
