Vape Holdings, Inc. announced financial results for the third quarter and nine months ended June 30, 2014. For its fiscal third quarter of 2014, the company generated record revenues of $361,781 which represents the company's first revenue-generating fiscal quarter, despite its full product line not shipping to customers until mid-May. Since commencement of revenue-generating operations less than 100 days ago, the company has recorded revenues of $392,540.

As the company's third quarter, 2014 results indicate, the company has incurred a net loss of $31,163,951 for the nine months ended June 30(th) due primarily to a substantial loss on the settlement of warrants in the amount of $29,528,844. The net loss due to settlement of the warrants was triggered by full ratchet anti-dilution adjustments in the warrants from a May 2011 financial raise by former management of the Company when it was known as PeopleString Corporation.