Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. ARROW RESOURCES DEVELOPMENT INC (795255) 10-Q published on Nov 19, 2013 at 3:18 pm
Reporting Period: Sep 29, 2013
Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying consolidated financial statements.
No revenue or cost of revenue was generated in the three month periods ended September 30, 2013 and 2012 as the Company is still in the development stage.
Net loss increased to $6,878,048 for the nine months ended September 30, 2013 as compared to $6,267,222 for the nine months ended September 30, 2012, primarily due to increased management and consulting fees under the Empire Agreement.