TX Holdings Inc. announced unaudited consolidated financial results for the first quarter ended Dec. 31, 2014. The company's revenue decreased during the first quarter 2015 due to lower sales demand in the industry for coal supplies, resulting in reporting a first quarter loss.

Revenue for first quarter 2015 was $640,788, a decrease of $257,093 or 28.6% compared to 2014. Net loss for first quarter of 2015 was $145,283 compared to a net profit in the same quarter of 2014 of $19,647. Earnings per diluted share was $0.00 remaining unchanged from 2014.

Cash used in operating activities for first quarter 2015 was $151.048 as compared to $25,319 during the first quarter of 2014. The increase was a direct result of the $145,283 net loss incurred by the company during the current quarter. Purchase of equipment was $2,408.

Loss from operations was $119,808 against $50,070 during the first quarter of 2014. Loss before provision for income taxes was $145,283 against income of $19,647 during the first quarter of 2014.