Puradyn Filter Technologies Inc. announced unaudited financial results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $706,629 against $894,303 a year ago. Loss from operations was $199,084 against $159,369 a year ago.

Net loss before income tax expense was $265,983 against $218,086 a year ago. Net loss was $265,983 or $0.01 per basic and diluted share against $218,086 or $0.00 per basic and diluted share a year ago. Net sales declined principally due to a reduced level of exploration activity within the oil & gas industry as drill rig engines represent one of the targeted end markets for Puradyn filtration systems.