Looks like it has not yet bottomed out. From .10 a few months ago, to a spectacular UNDER .05 today. Bark carries a lot of 'goodwill' value as part of assets; net keeps to negative.
Closing with a condensed 6 month results. Hope it will align well and be readable.
alen
Bark Group Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
(In thousands of USD, except for per share amounts)
Three Months Ended June 30, Six Months Ended June 30,
2010 2009 2010 2009
Net revenues $ 3,358 $ 695 $ 4,722 $ 1,938
Cost of revenues (2,993 ) (597 ) (4,045 ) (1,475 )
Gross Profit 365 98 677 463
Selling, general and administrative expenses (1,013 ) (700 ) (1,463 ) (1,456 )
Depreciation and amortization (93 ) (48 ) (131 ) (95 )
Impairment of goodwill (1,451 ) - (1,451 ) -
Loss from operations (2,192 ) (650 ) (2,368 ) (1,088 )
Other income (expense):
Loss from equity investment - - (18 ) -
Gain on derivative liabilities 13 - 13 -
Interest expense (93 ) (148 ) (207 ) (286 )
Total other expenses, net (80 ) (148 ) (212 ) (286 )
Loss before income taxes and non-controlling interest (2,272 ) (798 ) (2,580 ) (1,374 )
Net loss attributable to non-controlling interest 17 34 23 51
Net loss available to controlling interest $ (2,255 ) $ (764 ) (2,557 ) (1,323 )
Loss per share
Basic and diluted $ (-) $ (-) $ (-) $ (-)
Weighted-average shares used to calculate net loss per common share:
Basic and diluted 394,436,364 316,334,980 374,734,184 316,349,980 |
