Dewmar International BMC, Inc.
Profit & Loss Statement
For the Year Ended December 31, 2014
UNAUDITED
| Dewmar | |
| International | |
| Consolidated | |
|
| |
Revenue, net | $ | 4,130,950 |
|
|
|
Cost of goods sold |
| 155,989 |
|
|
|
Gross profit | $ | 3,974,961 |
|
|
|
Operating expenses |
|
|
Occupancy and related expenses | $ | 33,144 |
Marketing and advertising |
| 36,085 |
General and administrative expenses |
| 1,437,494 |
Contract labor |
| 116,647 |
Total operating expenses | $ | 1,623,370 |
|
|
|
Profit (Loss) from operations | $ | 2,351,591 |
|
|
|
Other income (expenses) |
|
|
Interest expense | $ | (49,451) |
Gain (loss) on derivative liability |
| (256,185) |
Loss on settlement of accounts payable |
| - |
Loss on extinguishment of debt |
| - |
Total other expenses | $ | (305,636) |
|
|
|
Net Income | $ | 2,045,955 |