Kingdom Ventures Inc., the Mindenbased company involved in Christian apparel, gifts and publishing as well as computer hardware and software, lost $2.6 million in the quarter ended April 30.
The company said its revenues for the quarter totaled $1.15 million.
In the comparable period a year ago, Kingdom Ventures lost $50,888 on revenues of $668,543.
The company said this year's larger loss was almost entirely the result of warrants it granted as compensation to business development consultants.
Those costs added $2.56 million to the company's expenses.
Kingdom Ventures said sales were up at its Xtreme Notebooks division based in Carson City, and apparel sales increased through its Mr.
Roy Productions Inc.
subsidiary.
