NanoViricides Inc. (NNVC)

[loanranger]

I did not. I used the same data and came up with .38 versus your -2.08, but this makes me wonder about your calculations:
"On area of uncertainty is the Altman formula talks about "SALES"..... I used REVENUES."

The terms are generally interchangeable and in NNVC's case they are ABSOLUTELY interchangeable. No matter what you call them the figure used for that element of the formula should have been ZERO.
No result should have been reflected for "Net Sales/Total Assets" and no result should have been included for "EBIT/Total Assets"....the numerator for both fractions is ZERO...SQUAT...THE DONUT. Does not compute.

The formula seems like voodoo math to me anyway. There are some easier, more visible ways to assess the likelihood of a bankruptcy in the form of access to capital, the adequacy of operational cash flow and a debt schedule.