For the 2014 calendar year, the ADO was in the red by over $18,000.  Back payments to the IRS and major credit card finance charges had a lot to do with this.  We knew this was going to happen as I had stated earlier this year that we are in the process of clearing everything up with the IRS.

We have already taken steps to close the debt for 2015 by eliminating certain items.  In Las Vegas, we will be discussing further on what other items need to be eliminated in order to save us money.  We will make the changes that are needed and we will get the ADO back to what it once was.

I apologize for this coming out a day later then I had specified last month.  If you have any questions, please contact me at: president@adodarts.com

ADO P&L

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