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For the nine months ended 30 September 2014, MineralRite Corp revenues increased 10% to $396K. Net loss before extraordinary items increased from $1.5M to $5.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Change in fair value of derivative liabi increase from $238K to $3.6M (expense), Interest expense increase from $74K to $622K (expense).
Period Ending: | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Total Revenue | 0.21 | 0.13 | 0.05 | 0.4 |
Gross Profit | 0.1 | 0.02 | 0.02 | 0.04 |
Operating Income | -0.51 | -0.46 | -0.65 | -1.55 |
Net Income | -3.74 | -1.52 | -0.58 | -3.53 |
Period Ending: | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Total Assets | 1.51 | 1.76 | 2.04 | 2.23 |
Total Liabilities | 5.24 | 2.19 | 1.4 | 1.47 |
Total Equity | -3.72 | -0.43 | 0.64 | 0.76 |
Period Ending: | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -0.38 | -0.24 | -0.18 | -0.37 |
Cash From Investing Activities | 0 | 0 | 0 | -0.11 |
Cash From Financing Activities | 0.34 | 0.19 | 0.13 | 0.53 |
Net Change in Cash | -0.05 | -0.05 | -0.05 | 0.05 |
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