Revenues were approximately $22.5 million, compared to $0 in the same period of the prior fiscal year.
Gross profit* was approximately $4.2 million, compared to $0 for the second quarter of fiscal 2019.
Total cost of revenue – related party was approximately $18.3 million, compared to $0 in the same period of the prior fiscal year.
Total operating expenses were approximately $458,000, compared to approximately $4,200 in the same period of the prior fiscal year.
Net income was approximately $2.8 million, or $0.00 basic and diluted earnings per share, compared to a net loss of approximately $4,000, or $0.00 basic and diluted loss per share, for the prior-year period.
Cash balance on April 30, 2020, was approximately $2.0 million compared to $0 at April 30, 2019.
Revenues for the third quarter of fiscal 2020 were approximately $32.4 million.
Gross profit* for the third quarter of fiscal 2020 was approximately $2.8 million.
Gross sales had a dramatic increase of 10% compared to the previous quarter.