Progressive Care Inc (RXMD)

[red13]

https://www.otcmarkets.com/content/doc/otcqb/standards.pdf

In addition to the $0.01 test.

1 Requirements for Admission to OTCQB
1.1 Eligibility Standards: To be considered for admission to OTCQB, a Company shall:
1) Meet one of the following conditions:
a. Be an SEC Reporting Company current in its reporting obligations;
b. Be a Regulation A Reporting Company current in its reporting obligations to the SEC;
c. Be a Bank current in its reporting obligations to its Bank Regulator or, if applicable, to the SEC; or
d. Be an International Company listed on a Qualified Foreign Exchange, in good standing with such exchange.

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RXMD does not yet meet any of those requirements as far as I know.

There are several other requirements as specified in the above link, including this:

1) Financial Reporting Requirements:

a. SEC Reporting Companies.
If the Company is an SEC Reporting Company and is not a bank, the Company must have filed all reports required to be filed on EDGAR.
Audited annual financial statements must be prepared in accordance with U.S. GAAP and contain an audit opinion that is not adverse, disclaimed, or qualified.