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Minerco Resources, Inc.

SIC 2833 · Medicinal Chemicals & Botanical Products
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Minerco Resources, Inc.

CIK:0001451514|SEC Filings
v3.3.1.900
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 3 Months Ended 6 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2015
Oct. 24, 2014
Jan. 31, 2016
Sales:         $ 516,534
Other Income (Expenses):          
Gain/(Loss) on Derivative Liability         (399,981)
Net loss         (2,843,703)
Successor [Member]          
Products $ 196,021 $ 696,690 $ 724,314   450,534
Services 0 44,295 44,295   66,000
Sales: 196,021 740,985 768,609   516,534
Cost of Goods Sold 160,609 605,736 626,151   449,085
Gross Profit 35,412 135,249 142,458   67,449
Selling and Marketing 11,000 128,376 128,376   58,991
General and Administrative 792,328 1,010,364 1,038,415   1,670,403
Total Operating Expenses 803,328 1,138,740 1,166,791   1,729,394
Net Loss from Operations (767,916) (1,003,491) (1,024,333)   (1,661,945)
Other Income (Expenses):          
Interest Expense, net (242,583) (179,042) (180,029)   (417,668)
Gain/(Loss) on Derivative Liability (110,901) (476,187) (476,187)   (399,981)
Contract Term Fees 0 2,000 2,000   0
Gain/(Loss) on Debt for Equity Swap (187,200) (462,202) (462,202)   (364,109)
Total Other Expenses (540,684) (1,115,431) (1,116,418)   (1,181,758)
Net loss (1,308,600) (2,118,922) (2,140,751)   (2,843,703)
Net loss attributable to Noncontrolling interest (42,579) (162,123) (176,410)   (138,108)
Net loss attributable to Minerco (1,266,021) (1,956,799) (1,964,341)   (2,705,595)
Preferred Stock Dividends 194,328 (28,107) (12,985)   306,564
Net loss attributable to common shareholders (1,460,349) (1,928,692) (1,951,356)   (3,012,159)
Total Other Comprehensive Income (Loss)          
Unrealized gain (loss) on AFS securities 0 (22,275) (19,294)   0
Total Other Comprehensive Income (Loss) 0 (22,275) (19,294)   0
Other Comprehensive Income (Loss) attributable to noncontrolling interest 0 (18,284) (15,578)   0
Other Comprehensive Income (Loss) attributable to Minerco 0 (3,991) (3,716)   0
Total Comprehensive Income (Loss) $ (1,460,349) $ (1,932,683) $ (1,955,072)   $ (3,012,159)
Net Loss Per Common Share – Basic and Diluted (in dollars per share) $ (0.03) $ (0.06) $ (0.06)   $ (0.07)
Weighted Average Common Shares Outstanding 49,538,915 30,245,081 30,081,768   45,132,238
Predecessor [Member]          
Products       $ 409,803  
Services       66,000  
Sales:       475,803  
Cost of Goods Sold       335,197  
Gross Profit       140,606  
Selling and Marketing       0  
General and Administrative       272,959  
Total Operating Expenses       272,959  
Net Loss from Operations       (132,353)  
Other Income (Expenses):          
Interest Expense, net       (17,465)  
Gain/(Loss) on Derivative Liability       0  
Contract Term Fees       0  
Gain/(Loss) on Debt for Equity Swap       0  
Total Other Expenses       (17,465)  
Net loss       (149,818)  
Net loss attributable to Noncontrolling interest       0  
Net loss attributable to Minerco       (149,818)  
Preferred Stock Dividends       0  
Net loss attributable to common shareholders       (149,818)  
Total Other Comprehensive Income (Loss)          
Unrealized gain (loss) on AFS securities       9,356  
Total Other Comprehensive Income (Loss)       9,356  
Other Comprehensive Income (Loss) attributable to noncontrolling interest       0  
Other Comprehensive Income (Loss) attributable to Minerco       9,356  
Total Comprehensive Income (Loss)       $ (140,462)  
Net Loss Per Common Share – Basic and Diluted (in dollars per share)       $ (0.08)  
Weighted Average Common Shares Outstanding       1,680,000