Sunday, August 10, 2014 1:18:58 PM
As long as the company is reluctant to report numbers in a timely fashion there's no way to tell. As of their last unaudited published numbers they showed the liability with no footnote or notation as to any plans to pay it off and there was no cash on the balance sheet to do so with. I think it would be a safe bet to assume that it has not been paid if for nothing else, lack of funds. We also know that after expenses the most the company could generate in net profit YTD to apply to the balance would be $50,000 based on complete sell through of the one container they have, but three more months of expenses since that last statement without any increase in sellable product would pretty much wipe out any ability to pay off any of the tax balance. I guess you'll just have to wait until September 30th.
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