These are some terrible numbers on the 10k. Here are some reasons why I'm out of here.
On December 25, 2016, Mr. Yazbeck, in his separate capacities as sole Board member and as the holder of a majority of the Company’s voting shares, voted to ratify the MyDx, Inc. 2017 Stock Incentive Plan (the “Plan”). There are 150,000,000 million shares available to be issued pursuant to the Plan. Between January 1, 2017 and March 23, 2017, 78,000,000 shares have been issued.
He owns 1,548,474,219 shares himself.
Assets were cut in half from year 2015 to 2016.
Biggest point was record revenues of 800k this year. They did that by doubling advertising expense from 1 million to 1.9 million. BTW that gross profit on the revnue was 300k. Product costs were 500k.
Net losses went from 6 million in 2015 to 16 million in 2016.
The most mind numbing stat ever... The company gross profit was 300k and we lost 16 million. Try to dress that pig up however you like it.
