InvestorsHub Logo
Followers 471
Posts 12086
Boards Moderated 1
Alias Born 09/02/2005

Re: None

Monday, 04/03/2017 3:08:51 PM

Monday, April 03, 2017 3:08:51 PM

Post# of 290030
Happy for TRTC with the revenue growth (and cash in the bank!), but this should be a major concern:

We have incurred significant losses in prior periods. For the year ended December 31, 2016, we incurred a net loss of $26,918,890 and, as of that date, we had an accumulated deficit of $72,870,999. For the year ended December 31, 2015, we incurred a net loss of $9,225,580 and, as of that date, we had an accumulated deficit of $45,952,109. Any losses in the future could cause the quoted price of our Common Stock to decline or have a material adverse effect on our financial condition, our ability to pay our debts as they become due, and on our cash flow.