Company announces that it has released its financial statements and management’s discussion and analysis for the fiscal year ending December 31, 2013. Highlights of the results include:
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- For the twelve months ended December 31, 2013, sales increased by 87% to $6,508,998, compared to $3,473,053 for the twelve months ended December 31, 2012.
- For the three months ended December 31, 2013, sales increased by 194% to $2,555,526, compared to $868,134 for the three months ended December 31, 2012;
- For the twelve months ended December 31, 2013, gross profit increased by 43% to $1,548,337, compared to $1,081,418 for the twelve months ended December 31, 2012;
- Company reports its first quarter in Company history with over $2,000,000 in revenue
- Company exceeded $1,000,000 in a single month for the first time in Company history
- Inventory as of December 31st totaled $2,563,411 including $514,000 of goods in transit
- Gross profit margins for the year were 24%
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