v3.2.0.727
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Sales, net [1] $ 16,513,079 $ 11,982,199
Cost of sales [1] 9,885,765 7,435,545
Gross profit 6,627,314 4,546,654
Selling expense 4,351,945 3,239,326
General and administrative expense 2,066,091 1,610,616
Depreciation and amortization 228,256 216,098
Loss from operations (18,978) (519,386)
Other (expense) income, net (821) 16,942
Foreign exchange loss (49,219) (236,447)
Interest expense, net (257,164) (288,642)
Income tax expense, net (523,962) (162,962)
Net loss (850,144) (1,190,495)
Net income attributable to noncontrolling interests (273,518) (305,336)
Net loss attributable to common shareholders $ (1,123,662) $ (1,495,831)
Net loss per common share, basic and diluted, attributable to common shareholders (in dollars per share) $ (0.01) $ (0.01)
Weighted average shares used in computation, basic and diluted, attributable to common shareholders (in shares) 157,535,571 153,929,182
[1] Sales, net and Cost of sales include excise taxes of $1,768,980 and $1,485,515 for the three months ended June 30, 2015 and 2014, respectively.