Posted by & filed under Financial results.

Full Year 2014 Income Sheet
Year ended December 31
2014 2013
Revenues
Crowdfunding 267,58 66,716
Other 8,967 12,714
Total revenues 276,325 79,430
Operating expenses
Selling, general and administrative 2,151,679 427,103
Professional fees 776,243 795,615
Research and development costs 320,032 78,773
Depreciation and amortization 70,517 1,302
Total operating expenses 3,318,471 1,302,793
Operating loss -3,042,146 -1,223,363
Other income (expense)
Fair value adjustment derivative liability – warrants 291,662  1,341
Interest expense -31,405 -20,166
Government subsidy  10,962 31,905
Equity loss in Gambitious B.V. and Kredietpaspoort -47,226 -49,913
Other income and expense -3,641  N/A
Total other income (expense) 220,352 -36,883
Net loss -2,821,794 -1,260,196
Net loss attributable to non-controlling interests -28,794 -30,016
Net loss attributable to Symbid Corp. stockholders  $(2,793,000)  $(1,230,180)
Basic and diluted net loss per common stock  $(0.10)  $(0.05)
Weighted average number of shares outstanding
Basic and diluted 28,396,751 22,580,549

 

Full Year 2014 Balance Sheet
December 31 December 31
2014 2013
Assets
Current assets
Cash $233,068  $891,592
Accounts receivable, less allowance for doubtful accounts of $8,436 and $10,718 respectively 45,070 2,897
Prepaid expenses and other current assets 53,366 59,486
Total current assets 331,504 953,975
Property and equipment – at cost, less accumulated 
Depreciation and amortization 8,480 4,259
Investment in associated companies 10,750 1,432
Intangible assets, net 1,031,692  N/A
Total assets  $1,382,780  $959,666
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable  $378,023  $138,495
Accrued expenses and other current liabilities 291,540 256,928
Deferred government grants  N/A 11,017
Current maturities of notes payable 118,149 41,657
Total current liabilities 787,712 448,097
Notes payable, less current maturities 91,914 237,973
Derivative liability – warrants 153,154 303,662
Total liabilities 1,032,780 989,732