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Looking at the good bits ... and some basic accounting 101 ......

  1. 2,306 Posts.
    Looking at the good bits ... and some basic accounting 101 ... for the numerically challenged

    Revenue ...money coming into OBJ ... $1,086,000 ... up 49 %

    ... 49 % ... means lots more money coming in  to OBJ's coffers ....

    Outgoings ( losses - the costs of doing business ) down 12 % ... so the Company's costs of doing business  are coming down also

    Dividends - nil .... waiting for that little baby ....

    Receivables - ( money coming in from all sources ) is $692,623  .... as oppossed to  $ 157,714 last year
    .... is $534,909 MORE than last year

    Receipts from customers .... which would be included in the receivables above ... is $ 574,950

    ... which leaves $117,673 ... from other sources of income


    ... with  only 1 product in a ' trial release ' ... in a limited release ... to a small test market

    ... borrowings are down.. so some money has been paid back

    ... money in the bank ... Cash and cash equivalents ...  $ 4,532,285

    cant wait till they roll out the whole host of new products ... especially the mass market ones ....

    OBJ is paving the way solidly ... minimal cash burn and improving revenues .. from minimal product releases to date .. with a host of new products  ( and potentially very large revenue streams ) waiting to be released ...

    ... all the way with OBJ
    Last edited by philbar: 25/02/15
 
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