Detail akcie Fact-A online

Business Summary: FACT Corporation (FACT)operates in the functional food industry through its wholly owned subsidiary, Food and Culinary Technology Group Inc. (FACT Group). It is engaged in developing, licensing and supplying turnkey functional bake mixes to customers who manufacture, distribute and market bakery and pasta products to consumers through a range of channels, including retail, food service and specialty markets. During the year ended December 31, 2010, FACT launched its series of products for the consumer under its Nutrition First brand. The initial product line includes five use at home baking mixes. The line is merchandized in regional retail grocery channels, specialty chains and Internet marketing Websites, including Amazon.com and Nutritionfirst.com. Included in this line are five individual mixes for prepare at home brownies, blueberry muffins, chocolate chip cookies, pancake/waffles and an all-purpose baking mix for bread and other applications.
Financial Summary: BRIEF: For the nine months ended 30 September 2011, Fact Corp revenues increased from $605K to $1.7M. Net loss increased from $786K to $1.7M. Revenues reflect Functional food premix increase from $558K to $1.7M. Higher net loss reflects Loss on debt settlement increase from $0K to $969K (expense), Other Administrative expenses increase of 21% to $594K (expense), Interest expense increase of 54% to $197K (expense).