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For the fiscal year ended 31 December 2016, Axion Power International, Inc. revenues decreased 90% to $58K. Net loss increased 43% to $10.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest expense on convertible notes increase from $57K to $1.8M (expense), Debt discount amortization expense increase from $982K to $2.3M (expense).
Period Ending: | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 |
---|---|---|---|---|
Total Revenue | 0.02 | 0 | 0.02 | 0.01 |
Gross Profit | -0.51 | -0.25 | -0.34 | -0.43 |
Operating Income | -0.4 | -2.59 | -1.37 | -1.68 |
Net Income | -3.9 | -2.72 | -1.88 | -2.07 |
Period Ending: | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 |
---|---|---|---|---|
Total Assets | 0.58 | 2.91 | 7.63 | 8.9 |
Total Liabilities | 8.14 | 5.07 | 9.58 | 10.01 |
Total Equity | -7.57 | -2.16 | -1.95 | -1.11 |
Period Ending: | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 |
---|---|---|---|---|
Period Length: | 12 Months | 9 Months | 6 Months | 3 Months |
Cash From Operating Activities | -4.12 | -3.62 | -2.53 | -1.38 |
Cash From Investing Activities | -0 | -0 | -0 | |
Cash From Financing Activities | 3.31 | 2.92 | 2.2 | 1.63 |
Net Change in Cash | -0.81 | -0.71 | -0.33 | 0.25 |
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