date:May 20, 2014
for $55,864,529, and cost of services the remaining $6,503,412.
Corresponding numbers in Q1 2013 were $$33,584,934 (total), $25,764,646 (from sale of goods), and $7,820,288 (services).
Cost of goods for both sales and services increased year over year in line with respective revenue.
Gross Profit
Gross profit increased by $7,037,031 or 33% to $28,559,848 for Q1 2014 compared to $21,522,817 for Q1 2013. Gross profits from sale of goods increased by $11,623,071, or 108% from $10,784,709 in Q1