They are actually operating at a profit. The $121k net loss is a result of Share-based compensation of $189,470. These are the shares given for promotional and or compensation purposes and were subsequently canceled out of the CEO's holdings therefore were non dilutive. What you are seeing is an accounting tactic that puts them in a more favorable tax situation. There are many very profitible companies that appear to be operating at loss while in fact they are swimming in profits. MCIG is an example of this imo. mcig
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