30DC, Inc. reported earnings results for the first quarter ended September 30, 2014. For the period, the company reported total revenues of $700,067 against $1,942,879 a year ago. During the fiscal first quarter ended September 30, 2014, the company recognized a net income from continuing operations of $61,986 compared to a net income from continuing operations of $744,850 during the comparable period last year.

The decrease in net income from continuing operations of $682,864 was due to the decrease in revenue of $1,242,812 offset by the decrease in operating expenses of $647,201 and forgiveness of debt income of $87,253 in the September 2013 quarter. Net income was $31,680, or $0.00 per share, for the first quarter, compared to a gain of $736,838, or $0.01 per share, for the same period of fiscal 2014. The decrease in net income during fiscal 2015 first quarter compared to the same period in the prior fiscal year was primarily due to the effect of the smaller MagCast launch.