JanOne Inc (JAN)

[Principian]

Short Term Liquidity "Working Capital" is Negative

Basic Current Assets Minus Current Liabilities is now roughly -$400K.

Also I was doing a Quarter vs Quarter Anaylsis and one thing popped out at me. The Live Venture Loan value was adjusted from 1st Qtr from $2.5 Million to now be $3.8 Million in the 2nd Qtr. So did the executives just hand Live Ventures $1.3 Million (essentially themselves) or are they needing to use this Balance Sheet Loan to keep the Adjusted Book Value from also going into the Red?

Adjusted Book Value is now essentially equal to their Cash and Cash equivalents.

Adjusted book value removes Intangibles and Goodwill to get a clearer picture of the real assets.