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For the nine months ended 30 September 2016, XcelMobility Inc revenues decreased 27% to $184K. Net loss increased from $352K to $1.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Amortization of debt discount increase from $12K to $979K (expense), General and administrative expense increase of 27% to $687K (expense).
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Revenue | 0.08 | 0.08 | 0.02 | 0.13 |
Gross Profit | 0.05 | 0.04 | 0.02 | 0.3 |
Operating Income | -0.36 | -0.15 | -0.16 | -0.45 |
Net Income | -0.62 | -0.53 | 0.05 | -0.61 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Assets | 0.26 | 0.27 | 0.19 | 0.2 |
Total Liabilities | 3.57 | 3.6 | 3.04 | 3.05 |
Total Equity | -3.31 | -3.32 | -2.85 | -2.85 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -0.97 | -0.6 | -0.2 | -0.09 |
Cash From Investing Activities | -0 | 0 | -0 | -0.03 |
Cash From Financing Activities | 1.05 | 0.69 | 0.21 | 0.02 |
Net Change in Cash | 0.07 | 0.09 | 0 | -0.12 |
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