Halitron, Inc. (HAON) Announces Financial Results for First Year Operating Under Equity Holdings Business Model
Before the opening bell, Halitron, Inc. (OTC: HAON) announced the financial results for its first year operating under its new equity holdings business model, which ended December 31, 2015. Throughout 2015, the company generated $1,182,726 in gross sales at 73 percent gross profit. Sales, general and administrative expenses totaled $718,993, while Halitron’s net income was $146,025. The company also reported $59,476 of expenses relating to the costs associated with being a public company. “2015 was an excellent first year of operations under our revised equity holdings business model,” Bernard Findley, chief executive officer of Halitron, stated in this morning’s news…