Their LARGEST LOSS FROM OPERATIONS in FIVE YEARS:
From their 10-K filings going back 5 yrs to 2010
NET LOSS FROM OPERATIONS (parenthesis is a LOSS, this yr was the LARGEST LOSS IN THE PAST 5 YEARS OF OPERATIONS, despite enormous amounts of toxic convertible debt deals, Magna financing and the "revenues"- they out-spent it all to take their largest LOSS FROM OPERATIONS going all the way back to 2010)
NET LOSS FROM OPERATIONS:
2010 (3,266,030)
2011 (2,665,884)
2012 (2,534,843)
2013 (2,841,750)
2014 (3,529,452)
Most recent 10-K, just filed- their largest operational LOSS checking all 10-K filings back to 2010 when Tomas took over as CEO.
That $3.5 MILLION NET LOSS FROM OPERATIONS is bigger than any loss from operations going back through every 10-K to year 2010.
Their expenses have exploded- outpacing any cash coming in from continual dilutive toxic financing deals or bottom line "revenues" after cost of sales. They finished the year, 2014 with only $36K total cash left on-hand, one of their worst years since 2010. They are in horrible financial condition IMO and their auditor's own "GOING CONCERN WARNING" states just that IMO.
BHRT's "general and admin" expense line more than DOUBLED in the past 1 yr. (to $4,669,432 for 2014, PAGE F-4 of 10-K, for a company now of just THREE PEOPLE per their own 10-K verbiage) And that's despite spending almost nothing on R&D, conducting no major clinical trials such as an FDA Phase 3 or similar, and reducing their headcount to just THREE employees left according to the 10-K filing itself.
Definition of NET LOSS FROM OPERATIONS or "operational losses" from Investopedia:
"DEFINITION OF 'OPERATING LOSS - OL'
The net loss recorded as a result of a company's unprofitable operation, considering only the company's operating income versus its operating expenditures. An operating loss does not consider the effects of interest income, interest expense or taxes, but in some cases includes depreciation expense. A company which consistently generates operating losses will require outside financing in order to avoid bankruptcy."
Most recent 10-K filing PAGE 56:
"At December 31, 2014, we had cash and cash equivalents totaling $36,674; our working capital deficit as of such date was $10,957,443. Our independent registered public accounting firm has issued its report dated March 16th, 2015 in connection with the audit of our financial statements as of December 31, 2014 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern."
Most recent 10-K filing PAGE 27:
"Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern.
Our independent registered public accounting firm issued its report dated March 16th, 2015 in connection with the audit of our financial statements as of December 31, 2014, which included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern. In addition, our note to our financial statements for the year ended December 31, 2014 included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern. If we are not able to continue as a going concern, it is likely that holders of our common stock will lose all of their investment. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty."
