Sunora Foods Inc. Two year sales History
Originally this was a capital pool (Thoroughbred Capital Inc, symbol TBC.P), until a deal was struck April 10th 2013 to acquire Sunora Foods Inc for 30 million shares at a price of $0.167c per share($5 million)
First financials after the merger were released April 30th 2014, below are all the quarters broken down
Year end: August 31st, 2013
Cash: $836,292
Total Assets: $3,000,464
Total Liabilities: $1,014,299
Revenue: $15,498,660
Net Income/Loss: $79,418 - $0.0019c
Quarter Ended: December 31st, 2013
Cash: $ 1,646,563
Total Assets: $ 3,848,337
Total Liabilities: $ 1,016,838
Revenue: $ 4,794,330
Net Income/Loss: -$1,074,649 – ($1.25 million cost for listing expense and transaction cost)
Quarter Ended: March 31st, 2014
Cash: $ 1,757,907
Total Assets: $ 3,739,165
Total Liabilities: $ 920,557
Revenue: $ 2,959,727
Net Income/Loss: -$58,792 – due to some oil pricing and shipping issues(see MD&A)
Quarter Ended: June 30th, 2014
Cash: $ 1,685,719
Total Assets: $ 3,610,622
Total Liabilities: $ 670,434
Revenue: $ 2,836,903
Net Income/Loss: $ 121,580 - $0.003c
Quarter Ended: September 30th, 2014
Cash: $ 2,358,141
Total Assets: $ 4,442,591
Total Liabilities: $ 1,362,255
Revenue: $ 3,496,856
Net Income/Loss: $ 140,148 - $0.0033c
Quarter Ended: December 31st, 2014
Cash: $ 1,784,147
Total Assets: $ 4,139,409
Total Liabilities: $ 1,072,936
Revenue: $ 3,941,719
Net Income/Loss: $ -13,696 – flat due to added G&A marketing cost into other countries (see MD&A)
Quarter Ended: March 31st, 2015
Cash: $ 2,375.580
Total Assets: $ 4,494,917
Total Liabilities: $ 1,188,206
Revenue: $ 2,743,967
Net Income/Loss: $ 240,238 - $0.0053c
Quarter Ended: June 30th 2015
Cash: $ 2,504,091
Total Assets: $ 4,168,457
Total Liabilities: $ 750,806
Revenue: $ 3,233,996
Net Income/Loss: $ 110,940 - $0.0026
Quarter Ended: September 30th, 2015
Cash: $ 2,752,139
Total Assets: $ 4,556,526
Total Liabilities: $ 940,104
Revenue: $ 2,451,477
Net Income/Loss: $ 198,771 - $0.0047c
As you can clearly see from the financials, SNF has more than tripled its cash position over the last couple years, increased assets by 50%, decreased liabilities, and started to establish itself in news markets in Asia. Several news releases were announced in 2015 with regards to an expansion plan and we will likely see the benefits of this in 2016. |
