IPD Q1 Results (Ending October 31, 2016)
Price: $0.09
Common Shares: 15,617,670
Insider Holdings: 10,368,992 (66.4% as per SEDI.CA – Recent insider buying from CEO)
Company website: www.internationalparksideproductsinc.com
Notes:
- IPD $0.01c dividend to be paid out to any shareholders as of January 13th 2017, paid January 24th
- IPD loss in 2015 was due to a deferred tax payment, otherwise the company made a profit
- Sales revenue doubled in Q1 2017 in a year over year comparison
ASSETS
Cash: $455,326
Accounts Receivable: $827,680
Inventory: $175,784
Prepaid Expenses: $21,090
Short-Term Investments: $46,542
Equipment: $595,074
Licensing Rights: $109,702
Total Assets: $2,231,198
LIABILITIES
Accounts Payable: $695,714
Customer Deposits: $92,252
Income Tax: $10,000
Deferred Income Tax: $109,000
Total Liabilities: $906,966
Q1 Sales Revenue: $1,775,126 (2015 - $926,373)
Gross Profit: $809,412 (2015 - $438,426)
Net Income: $117,106 (2015 – Loss of $45,906)
Due to the MD&A being formatted without allowing for the ability to copy/paste, I cannot post a summary below. To see the MD&A, please visit www.sedar.com
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