Bison Petroleum, Corp. reported unaudited consolidated earnings results for the three months ended March 31, 2015. For the quarter, the company's net revenues were $1,438,928 compared to $1,330,469 a year ago.
Loss from operations was $771,941 compared to $910,525 a year ago. Loss before income tax was $665,604 compared to $905,204 a year ago. Net loss was $854,908 compared to $205,205 a year ago.
This increase in net loss was attributable to increased income tax expense of 0.19 million for the three months ended March 31, 2015, compared to income tax benefit of $0.70 million for the same period of 2014. Net cash used in operating activities was $901,757 compared to net cash provided by operating activities of $557,234 a year ago. Purchase of intangible asset was $3,515 compared to $77,803 a year ago.