Selling, general and administrative expenses were $95,000 and $138,000 with regard to our branded apparel for our fiscal quarter ended March 31, 2007 and 2006, and were $301,000 and $138,000 for the nine months ended March 31, 2006 and 2007, respectively. Selling, general and administrative expenses with regard to our branded apparel for our fiscal quarter and nine months ended March 31, 2007, were comprised primarily of costs incurred while actively marketing Top-Flite branded apparel to the mass retail and big-box market suitable for such apparel.
Other income, net, was $71,000 for our fiscal quarter ended March 31, 2007, a decrease of $166,000, or 70%, from $237,000 for the comparable three-month period in the prior fiscal year. Other income, net, was $233,000 for the nine months ended March 31, 2007, a decrease of $134,000, or 37%, from $367,000 for the comparable nine-month period in the prior fiscal year.
Net loss for our fiscal quarter ended March 31, 2007, was ($218,000), a difference of ($28,000), or 15%, as compared with the net loss of ($190,000) for the comparable three-month period in the prior fiscal year. Net loss for the nine months ended March 31, 2007, was ($836,000), a difference of ($217,000), or 35%, as compared with the net loss of ($619,000) for the comparable nine-month period in the prior fiscal year.
"Over the last six to seven months we've continued to seek alternative markets for our Top-Flite branded apparel," stated Donald W. Jewell, our Chief Executive Officer. "As a result, orders obtained to date will begin shipping in September 2007. In addition, we've identified several other potential customers that have expressed significant interest in our forthcoming Top-Flite line for spring 2008. However, expenses with regard to our marketing efforts, with no corresponding sales of Top-Flite apparel, comprised a major component of our net loss for the fiscal quarter ended March 31, 2007."
marketing@alchempro.com
