Doesn't sound like they are managing their money/debt effectively
Net loss for the three months ended June 30, 2017 was $1,588,701 compared to net loss of $35,157 for the three months ended June 30, 2016. The increase in net loss for the three months ended June 30, 2017 was due to noncash stock compensation costs, and increased selling, general and administrative costs compared to the three months ended June 30, 2016. Noncash stock compensation costs for three months ended June 30, 2017 was $1,216,697 compared to $25,000 for the three months ended June 30, 2016
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Selling, general and administrative (“SG&A”) expenses for the six months ended June 30, 2017 and 2016 was $7,155,886 and $1,519,225, respectively, an increase of $5,636,661 or 371%. The increase in SG&A expenses was due to increase in payroll, marketing, travel, trade shows, outbound freight, and sales commission to support the increase in revenues and stock compensation costs and increase in bad debt expenses For the six months ended June 30, 2017 stock compensation expense was $4,829,851 compared to $61,000 for the three months ended June 30, 2016.