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Inergetics: 2014 Second Quarter Earnings Announcement
Date:8/14/2014

s and social media initiatives from Christa Alves and professional surfer spokeswoman, Anastasia Ashley.
  • Continued Progress Toward Development of Natural CBD-Based Line of Nutritional Supplements: Inergetics continues to progress in research and development with its strategic partner, Terra Tech, towards the launch of their proprietary line of (CBD)-based supplements, which is expected in 2015.
  • Convened Productive Initial Meeting of Scientific and Medical Advisory Board: The company completed the formation of this board, which continues to work closely with Inergetics' Chief Science Officer, Carl Germano, RD, CNS, CDN, to ensure that the new CBD-based supplements are the most medically effective, safest, and highest quality available to consumers.
  • Expanded Senior Leadership Team: Named Chief Marketing Officer Jim Kras to the additional role of President, expanding his responsibilities to include the oversight of sales, distribution and other company initiatives to drive substantial value for shareholders.
  • Revenue recognition

    Revenue is recognized upon shipment to various retail outlet customers when all performance obligations are met and collectability is reasonably assured.  Upon shipment to specific retail customers with the right of return, Inergetics defers revenues as returns are not reasonably estimable.  As of June 30, 2014 and December 31, 2013, deferred revenue totaled $1,075,182 and $1,269,470, respectively.

    "The positive response we are receiving from Food, Drug, Mass, Health & Specialty retail outlets is a direct result of the superior product offerings we are bringing to market and the consumer demand they are generating," added Mr. James
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    SOURCE Inergetics, Inc.
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