Oh, joy! The 10-K was finally filed!
So revealing too:
"Total revenues: 2011 $3,444,761 2012 $1,069,713 2013 $771,868"
Not really as steep a decline as it looks though, since the company chose to include as revenues $1,000,000 for machines returned in 2011 and the resold to the same company.
And mustn't neglect losses:
"Total losses: 2011 (3,595,764) 2012 (3,004,097) 2013 (2,672,154)"
Debt is always worth considering:
"Total debt: 2011 $100,000 2012 $1,310,000 2013 $2,488,691"
Is it even worth considering shareholder "deficit":
"Shareholder deficit: 2011 (1,626,857) 2012 (4,029,070) 2013 (5,944,470)"
Wow! DECREASING revenues, MASSIVE losses, SKYROCKETING debt, and INCREASING shareholder deficit!
Just the kind of company I'd be thrilled to fork over 80 grand to for a gizmo that no third party reimburser is willing to pay for -- NOT!!!
Especially now that the gizmo's inventor has declared CTTC NO longer authorized to represent or distribute calmares!
Not to mention his pointing out in a press release issued worldwide what a bunch finagling, self-serving, disingenuous, back stabbing bunch of crooks he thinks CTTC's management and BOD are!
I'm sure glad I'm not a calmare salesman!
