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During three month period ended September 30, 2013, the Company recognized revenues of $1,944, 385 compared with $3,202, 210 for the three months ended September 30, 2012. For the nine months ended September 30, 2013 the Company recognized revenues of $3,713, 486 compared to $8,122, 081 for the nine months ended June 30, 2012.
For the three months ended September 30, 2013, the Company incurred general and administrative expense of $762,256 compared with $281,711 for the three months ended September 30, 2012. Overall, general and administrative costs increased during the period primarily due to the increase in payroll and depreciation. For the nine months ended September 30, 2013 the general and administrative expenses were $1,774, 695 versus $1,206, 542 for the nine months ended September 30, 2012.
For the three months ended September 30, 2013, the Company experienced a net loss of $319,267 compared with a net profit of $233,520 for the three months ended September 30, 2012. The decrease is attributed to the fact that the Company began depreciation on a quarterly versus annual basis and the extremely long 2013 winter. For the nine months ended September 30, 2013 the Company experienced a loss of $444,633 as compared to a net profit of $638,154 for the nine months ended September 30, 2012.
Forward-Looking Statements:
This press release may contain forward-looking statements, including, but not limited to, statements regarding Luminart Corp. and their plans, products and related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential" or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Luminart Corp.'s filings with the Pink Sheets, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Luminart Corp. undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
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