Integrated Ventures Provides A Corporate Update And Reports Financial Results For Q1 Of 2019
INTEGRATED VENTURES INC (INTV)
US:NASDAQ Investor Relations:
integratedventuresinc.com
Company Research
Source: PR Newswire
PHILADELPHIA, Jan. 24, 2019 /PRNewswire/ -- Integrated Ventures Inc (OTCQB: INTV) ("Company") is pleased to report the filing with the SEC, its Quarterly Report (Form 10-Q), for the financial period, ended September 30, 2018.Financial Highlights:For the first fiscal quarter ended September 30, 2018, the Company had total revenues of $115,245, consisting of revenues from mining operations of $100,465 and equipment retail sales of $14,780. Gross loss on revenues occurred due to sever decline in cryptocurrency market pricing, electricity costs, expenses of consolidating operations and a short useful life of mining equipment used to depreciate these mining assets.Total assets increased from $829,522 at June 30, 2018 to $1,808,501 at September 30, 2018. Current assets, which includes cash of $199,096, totaled $319,947 at September 30, 2018, an increase from total current assets of $170,517 at June 30, 2018.Company's total investment in property and equipment, net of accumulated depreciati
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