Is Zurvita A Scam? The Truth Behind Zurvita

Administrative web-site sales had been approximately $608 thousand for the year ended July 31, 2012, as compared to approximately $1.two million for the year ended July 31, 2011. The approximate $625 thousand reduce in administrative web-site sales was outcome of a reduction in sales consultants joining the Enterprise.

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These fluctuations also may well cause quick sellers to enter the market from time to time in the belief that we will have poor results in the future. We can’t predict the actions of marketplace participants and, hence, can present no assurances that the industry for our stock will be stable or appreciate more than time. Our typical stock could be affected by limited trading volume and price fluctuations, each of which could adversely influence the value of our prevalent stock. Domestic and international stock markets typically experience considerable price tag and volume fluctuations. These fluctuations, as effectively as common economic and political conditions unrelated to our efficiency, might adversely impact the cost of our widespread stock.

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The Company’s marketing sales were about $158 thousand for the year ended July 31, 2012, as compared to approximately $703 thousand for the year ended July 31, 2011. The approximate $545 thousand decrease is due to the advertising sales technology platform getting technical shortcomings that led to adverse refund and persistency rates that made selling the solution tricky.
Our duty is to express an opinion on these financial statements based on our audits. Deferred tax assets and liabilities are measured making use of enacted tax prices expected to apply to taxable income in the years in which those short-term differences are expected to reverse. The impact on deferred tax assets and liabilities of a transform in tax prices is recognized in revenue in the period that includes the enactment date. A valuation allowance is supplied against deferred tax assets primarily based on the weight of available evidence when it is far more likely than not that some or all of the deferred tax assets will not be realized.

The enhance of $2.three million is a outcome of the boost in consumable item sales. The Company’s membership charges had been around $125 thousand for the year ended July 31, 2012, as compared to $446 thousand for the year ended July 31, 2011.
Likewise, we can give no assurance that if we will need more financing that it will be obtainable in an quantity or on terms acceptable to us, if at all. We have audited the accompanying consolidated balance sheets of zurvita; click to read, Holdings, Inc. as of July 31, 2012 and July 31, 2011, and the connected consolidated statements of operations, stockholders’ deficit, and money flows for the years then ended. These economic statements are the duty of the Company’s management.
On May eight, 2012, the Firm entered into an agreement with Infusion Brands International, Inc. to purchase 15.2 million outstanding shares for $100,000. The prior existing note payable and the derivative instrument have been extinguished. The Company pays its independent sales agents on a commission basis. Sales commissions for the year ended July 31, 2012, have been roughly $four.2 million as compared to approximately $1.9 million for the year ended July 31, 2011.

Revenue from the sale of this consumable solution is recognized upon shipment of the item. An embedded share conversion feature exists inside the Company’s convertible note payable. The Enterprise determined the conversion feature to be a derivative instrument and estimated its fair value at the time of issuance and at each subsequent reporting period. We recorded an unrealized achieve on the conversion function for the year ended July 31, 2011 of about $462 thousand. See Note 12 – Assets and Liabilities Measured at Fair Worth, to financial statements contained within Item eight of Element II of this Form 10-K for extra information with respect to the estimation of the fair value of this conversion feature.

The reduce in membership income is a outcome of the Company’s efforts to concentrate on the sale of consumable solutions as they are larger margin solutions. The Company’s commission income for the year ended July 31, 2012, was about $260 thousand as compared to about $450 thousand for the year ended July 31, 2011. The approximate $190 thousand reduce is due to run off of the Company’s residential energy block of organization. The Enterprise did not market place residential energy for the duration of the year ended July 31, 2012.
On the other hand, this downward trend has been turned around and the addition of consultants has improved month over month for the preceding 7 months ending July 31, 2012. For the year ended July 31, 2012, revenue was approximately $7.9 million, as compared to approximately $4.6 million for the year ended July 31, 2011, an enhance of roughly $3.26 million. Substantial increases in Zeal solution sales have contributed to the increase in all round income. Set forth beneath are the quarterly higher and low bid prices for our frequent stock for the years ended July 31, 2012 and 2011. We think that factors such as quarterly fluctuations in our economic final results and adjustments in the overall economy or the condition of the monetary markets could bring about the cost of our Prevalent stock to fluctuate substantially.