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For the three months ended 31 March 2019, Rafina Innovations Inc revenues decreased 59% to $54K. Net loss decreased 10% to $622K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Research and development decrease of 29% to $59K (expense), Depreciation decrease of 23% to $15K (expense), Professional fees decrease of 9% to $18K (expense).
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Revenue | 0.05 | 0.09 | 0.09 | 0.1 |
Gross Profit | 0.07 | 0.05 | 0.07 | 0.05 |
Operating Income | -0.62 | -2.64 | -0.38 | -0.52 |
Net Income | -0.62 | -2.64 | -0.38 | -2.14 |
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Assets | 0.3 | 0.3 | 0.32 | 0.32 |
Total Liabilities | 0.89 | 0.79 | 0.69 | 0.63 |
Total Equity | -0.59 | -0.49 | -0.37 | -0.31 |
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -0 | -0.92 | -0.9 | -0.75 |
Cash From Investing Activities | 0 | 0 | ||
Cash From Financing Activities | 0 | 0.63 | 0.59 | 0.41 |
Net Change in Cash | -0 | -0.33 | -0.32 | -0.34 |
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