You wouldn't know the difference between a Balance Sheet and an Income statement. Gross Profit is NOT the BOTTOM LINE. NET PROFIT is - and that's a NEGATIVE number. Haven't you even looked at their financial statements yet?
The money raised in each of the financings were used for expansion. That's not me talking, it is directly in EACH of THEIR releases on financings.
From their last fundraising release:
"The capital raised under these financings will be utilized by SPoT to assist with the funding of the
Company’s aggressive expansion plan involving the development of corporate cafés in Southern
Ontario and Western New York."
That's not money EARNED by them, it's money RAISED by them. WHY else do think they are raising this money - to pay for vacations?