CV Sciences Inc (CVSI)

[Otcinvesting]

Filing Alert for CV Sciences Inc. (CVSI)
 

Assets went down, Liabilities went up :(

Liquidity – For the three months ended September 30, 2016 and 2015, the Company had a net loss of $1,900,736 and $989,549, respectively. For the nine months ended September 30, 2016 and 2015, the Company had a net loss of $5,660,755 and $5,641,426, respectively. In addition, for the nine months ended September 30, 2016 and 2015, the Company had negative cash flows from operations of $1,429,277 and $2,924,177, respectively. Management believes the Company has the funds needed to continue its consumer product business segment and meet its other obligations over the next year solely from current revenues and cash flow due to increased sales and because our current inventory levels are sufficient to support sales through the third quarter of 2017, resulting in reduced cash outflow for inventory purchases. In addition, we do not intend to purchase raw inventory from our supply chain arrangements from the 2016 crop.
  

Form: 10-Q
Date Filed: 2016/11/01

Quarterly Report (10-q)
http://ih.advfn.com/p.php?pid=nmona&article=72805354


As of November 1, 2016, the issuer had 56,838,924 shares of issued and outstanding common stock, par value $0.0001.