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For the six months ended 30 June 2012, Cannagrow Holdings Inc revenues decreased 93% to $104K. Net income totaled $50K vs. loss of $473K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Relief of debt income increase from $0K to $725K (income), Selling, general and administrative expe decrease of 55% to $318K (expense).
Period Ending: | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 |
---|---|---|---|---|
Total Revenue | 0.06 | 0.05 | 0.12 | 0.79 |
Gross Profit | -0.02 | -0.02 | 0.05 | 0.12 |
Operating Income | -0.18 | -0.19 | -0.23 | -0.28 |
Net Income | 0.01 | 0.04 | -0.3 | -0.84 |
Period Ending: | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 |
---|---|---|---|---|
Total Assets | 0.35 | 0.39 | 0.67 | 0.87 |
Total Liabilities | 3.11 | 3.26 | 3.62 | 3.51 |
Total Equity | -2.76 | -2.87 | -2.94 | -2.65 |
Period Ending: | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -0.07 | -0.04 | -0.45 | -0.7 |
Cash From Investing Activities | 0.02 | 0.02 | -0.01 | -0.03 |
Cash From Financing Activities | 0.03 | 0 | 0.4 | 0.69 |
Net Change in Cash | -0.01 | -0.02 | -0.06 | -0.04 |
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