10-K delayed due to CFO resignation and change in auditors. Stock has broken thru the 20 cent support down to near 16 cents.
This information was included in the filing:
We estimate that, for the fiscal year ended December 31, 2017, our revenue was $692,000 and our total operating expenses were $10,500,000, other expenses of $2,843,000 which we estimate resulted in operating loss of $12,651,000.
As described in Part III above, our management and new independent registered public accounting firm are continuing to review our water infrastructure assets for impairments to record for the year ended December 31, 2017. We estimate that we will record an impairment to those assets of $6.9 million, which amount is included in the operating expenses above.
As of December 31, 2017, we had cash on hand of $14,000.
All of the foregoing should be considered preliminary estimates pending completion of our financial statements for the fiscal year ended December 31, 2017.
