The Alkaline Water pany (US:WTER)2021-07-02 21:44Revenue and Sales - Revenue for the year ended March 31, 2021, was $46,069,121, representing a 20% increase from $38,429,505 in the previous year[133]. - Cost of goods sold for the year ended March 31, 2021, was $29,622,361, or 64% of net sales, compared to $25,306,324, or 66% of net sales in the prior year[135]. Operating Expenses - Total operating expenses increased to $32,280,667 for the year ended March 31, 2021, up from $27,501,244 in the previous year[136]. - General and administrative expenses rose by approximately $4.6 million, primarily due to increases in professional fees, stock compensation, and wage-related expenses[136]. Assets and Working Capital - Current assets as of March 31, 2021, were $24,830,609, compared to $14,183,215 in the previous year, largely due to a $10 million net proceeds from a private placement[139]. - Working capital improved to $10,307,218 as of March 31, 2021, compared to $199,552 in the prior year[139]. Cash Flow - Net cash used in operating activities for the year ended March 31, 2021, was $(14,280,238), slightly higher than $(13,642,636) in the previous year[142]. - Net cash used in operating activities increased to $14,280,238 for the year ended March 31, 2021, compared to $13,642,636 for the year ended March 31, 2020, primarily due to changes in working capital accounts[143]. - Net cash used in investing activities rose to $585,393 for the year ended March 31, 2021, up from $488,557 for the year ended March 31, 2020, attributed to increased purchases of fixed assets[144]. - Net cash provided by financing activities significantly increased to $19,434,905 for the year ended March 31, 2021, compared to $7,660,424 for the year ended March 31, 2020, driven by proceeds from the sale of common stock and exercise of warrants[145]. - The company believes that cash on hand, anticipated warrant exercises, and existing credit lines will adequately fund operations and capital needs for the next 12 months[146]. Distribution and Product Development - The company has expanded its distribution to over 75,000 stores across all 50 states and additional markets, including the Caribbean and Mexico[126]. - A88 Infused Beverage Division launched flavored water products in 2019, now available in six unique all-natural flavors[129]. - The company expects to produce and sell A88CBD water as a low-calorie or no-calorie, hemp extract-infused water in three flavors and five functional formulas[130]. Financial Condition - The company has no off-balance sheet arrangements that materially affect its financial condition or operations[147].