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Re: rjunior79 post# 9103

Monday, 11/20/2017 1:50:55 AM

Monday, November 20, 2017 1:50:55 AM

Post# of 42940
All the link shows is that for a 6 month period they only sunk $4,000 into “Project Development Costs” - however, for the periods prior to that (if you look at the prior Annuals) those costs were in the hundreds of thousands of $$.

It makes sense that they aren’t spending thousands upon thousands of $$ in perpetuity on “development”. At some point the product is “developed” and you would expect those costs to lessen significantly.

The argument is like asking why a company up for FDA approval on a drug is no longer sinking millions of dollars into R&D on that drug. The answer is that that phase of the Model is over and that is not where the money needs to currently go.

Everything pretty much makes sense when you look at all the financials - we are talking a “startup” here, not a seasoned company...

I do note that your link shows a jump in accounts receivable in the 3 months prior - nice to see.




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