Pacific Health Care Organization Inc. (PFHO)

[Ubertino]

PFHO not going anywhere but down:

Total revenues during the three - month period ended March 31, 2016 , decreased 45% to $1,309 , 161 compared to the three - month period ended March 31, 2015. Total revenues decreased by 45% and the total number of employee enrollees decreased by 48% during the three - month period ended March 31, 2016 , when compared to the same period in 2015. As of March 31, 2016 we had approximately 352,000 total enrollees. Enrollment consisted of approximately 169,000 HCO enrollees and 183,000 MPN enrollees. By comparison as of March 31, 2015 , we had approximately 674,000 total enrollees, including approximately 82,000 HCO enrollees and 592,000 MPN enrollees.
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During the three months ended March 31, 2016, total revenues of $1,309,161 was lower by $1,059,937 when compared to the same period in 2015
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We do not currently possess an institutional source of financing. There is no assurance that we could be successful in obtaining equity or debt financing on favorable terms, or at all.