2013 revenue of $11.8m with COGS of $400k
but they made a loss on consulting fees, employment fees, travel fees, IT fees, occupancy fees etc etc
Chairman related companies pocketed $3.5m
same story in 2012
$9.6m revenue on $400k COGS but after all the associated fees they just broke even.
Chairman related companies pocketed $2.8m
Chairman owns 70% of stock.
doesn't seem like much money gets filtered back into equity value.
and who's going to tell him to do otherwise ?
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