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For the six months ended 30 June 2016, Fastfunds Financial Corporation revenues decreased 23% to $308K. Net loss increased 19% to $942K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Derivative liability income (expense) increase from $76K to $388K (expense), Interest expense including related party increase of 24% to $583K (expense).
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Total Revenue | 0.13 | 0.18 | 0.22 | 0.2 |
Gross Profit | 0.05 | 0.08 | 0.08 | 0.01 |
Operating Income | -0.09 | -0.06 | -0.02 | -0.13 |
Net Income | -0.49 | -0.45 | -1.39 | -0.36 |
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Total Assets | 0.36 | 0.41 | 0.5 | 0.54 |
Total Liabilities | 13.11 | 12.71 | 12.61 | 12.01 |
Total Equity | -12.75 | -12.3 | -12.11 | -11.47 |
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -0.25 | -0.12 | -0.49 | -0.3 |
Cash From Investing Activities | 0.28 | -0.22 | -0.22 | |
Cash From Financing Activities | -0.03 | 0.07 | 0.72 | 0.52 |
Net Change in Cash | -0 | -0.05 | 0.01 | 0 |
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