Monday, December 10, 2018 10:12:37 PM
In 3Q2018 $TXHD found itself burdened with 35% higher cost of revenues. Even with 44% lower operating expenses, $TXHD managed to generate a loss of $174,488.
Even if one removes the Impairment of Inhouse Software line item ($85,092) as a one-time operating expense, $TXHD still generated a loss of $89,396.
Expenses can only be pared back so far before a company finds itself in deep trouble and is forced to turn the dilution machine on.
https://www.otcmarkets.com/filing/html?id=13070310&guid=3PIbUHcQEEXwAyh
$TXHD's Going Concern Statement clearly states it needs additional financing arrangements (dilution) AND the need to achieve and maintain profitable operations (failed in 3Q2018):
"... The company’s ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and its ability to achieve and maintain profitable operations. While the Company is expanding its best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. These consolidated financial statements do not include any adjustments that might arise from this uncertainty. ..."
https://www.otcmarkets.com/filing/html?id=13070310&guid=3PIbUHcQEEXwAyh
Anyone who wants to can Bid high and ignore the market.
The paradox of iHub: buy high, sell low
Recent KOAN News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 01:18:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:56:50 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 07/17/2024 09:03:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 09:31:28 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 02:38:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 10:15:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 04:51:05 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/25/2024 09:03:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 10:28:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:22:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 11:03:56 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM