Green Automotive Company Reports Group Revenue Results for the Fourth Quarter and Earnings Results Full Year Ended December 31, 2013
For the full year, the company's revenue reached to $3,025,850, representing a nearly 10 fold increase on 2012 revenue of $320,648. Although the company's reported overall loss looks high at over $16 million, if it add back in non cash items (impairment of assets, stock issued to settle agreements, derivative liability calculation and stock based compensation), the company's operating loss of $2.4 million provides a much better reflection of where the business really stands at present.