yahoo.brand.edgar-online.com/...fault.aspx%253fcik%253d1428816
The Company expects to report a net operating loss of approximately $247,822 for the six months ended June 30, 2015, as compared to a net operating loss of $75,953 in the same period ended June 30, 2014; and to report a net loss of approximately $122,776 for the six months ended June 30, 2015, as compared to a net loss of $116,787 in the prior comparative period. The substantive increase to operating costs is predominantly the result of increased general and administrative expense from $83,687 in the six months ended June 30, 2014 to $257,806 in the six months ended June 30, 2015 as a result of increased expenditure on advertising and marketing, consulting fees, management salaries and listing and filing expenses.
Other expenses during the six months ended June 30, 2015 include a gain on the change of the fair value of derivative liabilities of $444,235 compared to a loss of $16,727 in the prior period, and interest expenses of $319,189 (2015) as compared to only $24,107 as at June 30, 2014.
Revenue increased period over period from $7,734 to $15,645 in the six months ended June 30, 2015.