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Tuesday, April 21, 2015 2:54:16 PM
The company is currently spending annually:
$4.2 million in G&A
$1.6 million in interest expense
$1.5 million to fund new operations (2015 Business plan stated in 10K)
2015 Total annual requirement = $7.3 million
The current (Dec 2014) working capital deficit (the immediate cash needs to fund ongoing operations) is at $6.0 million.
OWOO's CEO has stated she is hoping for $1.1 million in gross sales for 2015 - this includes the much bally-hoo'd Walmart sales.
At the current (10K actual results for 2014) gross profit margin of 20%, this would yield a gross margin of only $220k (or about 3% of expected expenses).
This does not factor in paying down ANY of the existing 75 convertible debt notes (1.9 billion potential shares), and assuming that the costs to run the business remain flat while exponentially increasing the sales.
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