Titan Medical Inc (TMDIF)

[pmontx16]

In simple accounting it was initially recorded as a liability on the BS (not cash on hand) - as it's 2 million OWED and yes it's not available for operations.
So initially while it's an increase in cash/bank account (asset) it was also an increase in the liability but now - after Longtai agreement - it gets moved from liability to equity and now it can be used for operating expenses