$CANV Income Statement

CannaVEST Corp. (CANV)

Income Statement

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All numbers in thousands

Period Ending		Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
Total Revenue		2,693	1,860	3,006	2,632
Cost of Revenue		1,418	738	1,210	1,021

Gross Profit		1,275	1,122	1,796	1,611

	Operating Expenses
	Research Development	430	262	157	151
	Selling General and Administrative	9,575	1,351	1,507	924
	Non Recurring	–	–	–	–
	Others	–	–	–	–

	Total Operating Expenses	–	–	–	–


Operating Income or Loss		(8,730)	(490)	132	535

	Income from Continuing Operations
	Total Other Income/Expenses Net	–	–	–	(39)
	Earnings Before Interest And Taxes	(8,136)	(482)	7,425	497
	Interest Expense	615	–	(615)	615
	Income Before Tax	(8,752)	(482)	8,040	(118)
	Income Tax Expense	–	–	–	–
	Minority Interest	–	–	–	–

	Net Income From Continuing Ops	(8,752)	(482)	15,901	(118)

	Non-recurring Events
	Discontinued Operations	–	–	–	–
	Extraordinary Items	–	–	–	–
	Effect Of Accounting Changes	–	–	–	–
	Other Items	–	–	–	–


Net Income		(8,752)	(482)	8,040	(118)
Preferred Stock And Other Adjustments		–	–	–	–

Net Income Applicable To Common Shares		(8,752)	(482)	8,040	(118)

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com