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Last $0.01 USD
Change Today -0.0003 / -2.25%
Volume 7.0K
NGHT On Other Exchanges
Symbol
Exchange
OTC BB
As of 5:20 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

nightculture inc (NGHT) Key Developments

NightCulture, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

NightCulture, Inc. announced earnings results for the first quarter ended March 31, 2015. For the quarter ending March 31, 2015, including an 8% decrease in revenues to $1,170,084 in first quarter of 2015 compared to $1,264,685 during the same period in 2014. The company reported an operating loss of $105,132 in first quarter of 2015 compared to an operating loss of $197,136 in the first quarter of 2014 reporting period. The company reported a net income of $796,454 or $0.01 per share, compared to a net loss of $897,936 or $0.02 per share in first quarter of 2014. The gain in first quarter of 2015 includes a gain on change in fair value of derivative liability of $955,266 while the net loss for first quarter of 2014 included a loss on change in fair value of derivative liability of $612,026. The company produced 62 shows in first quarter of 2015 up from 48 in first quarter of 2014, a 29% increase.

Night Culture, Inc. Auditor Raises 'Going Concern' Doubt

Night Culture, Inc. filed its 10-K on Mar 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Night Culture, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014

Night Culture, Inc. announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported operating results including a 24.4% increase in revenues to $1,264,685 compared to $1,016,986 during the same period in 2013. The company reported an operating loss of $197,136 compared to a profit from operations of $94,000 in first quarter of 2013 reporting period. The operating loss for the current quarter includes $76,921 of non-cash non-recurring charges. The company reported a net loss of $897,936 or $0.02 per share, compared to a net profit of $683,696 or $0.01 per share in first quarter of 2013. The loss in first quarter of 2014 includes a loss on change in fair value of derivative liability of $621,026 while the net income for first quarter of 2013 included a gain on change in fair value of derivative liability of $654,727.

Night Culture, Inc. Reports Earnings Results for the Year Ended December 31, 2013

Night Culture, Inc. reported earnings results for the year ended December 31, 2013. The company reported operating results for the year, including a 44.8% increase in revenues to a record $5,653,776 in 2013 compared to $3,892,383 in 2012. Operating profit was $167,420 compared to a loss from operations of $861,576 a year ago. Net income was $3,000,862 or $0.06 per share, compared to a net loss of $1,629,148 or $0.03 per share in the 2012 period.

Night Culture, Inc. Auditor Raises 'Going Concern' Doubt

Night Culture, Inc. filed its 10-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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