Content analysis
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New words:
August, Barclay, begun, fixed, GBP, hold, monthly, percent, repaid, Rosewin, schedule, USD
Removed:
April
Financial report summary
?Management Discussion
- For the nine months ended September 30, 2019 and 2018, Fah Mai Holdings, Inc. (the “Company”) generated revenues of $146,307 and $15,362, respectively, and has had no significant income or positive cash flows from operations since inception. The Company sustained net losses of $1,775,124 and $390,282 during the nine months ended September 30, 2019 and 2018, respectively. The increase of $1,384,842 is due primarily to the Company incurring $861,669 in stock-based compensation and other professional services, payroll expenses of $200,419, office expense of $88,117, rent expense of $50,994, $20,090 in computer and internet expenses and $403,076 in advertising expenses. The loss is largely attributed to operating expenses incurred by the Company, for the purposes of paying for accounting, legal and audit fees, its operations in Thailand and the efforts to build its whisky inventory.