Wednesday, May 15, 2019 10:37:24 PM
IMO, overall expenses still too high: I hope license and fees of $15K is a one time fee. That would be very expensive if this was a quarterly or yearly fee. That means 4 quarters equal 4 times 15K = $60K a year. $60k a year is not worth it if you are not making the profit to pay for this expense. The cost ($146,505.43) of supplies were more than revenue (more than what they made). Not sure what this problem is. I can't believe Internet and Web Hosting costs are $19,800 for 3 months? I will eventually contact ADVT to find out why supplies are so expensive. I hope the Consulting Fees are worth it--whatever they are doing!
Right now the company is stable. The Q1 said at least there were no dilutive shares outstanding as of December 31, 2018, "...There were no potentially dilutive shares outstanding as of December 31, 2018. The (earnings) loss per share is reported as zero as the computed earnings (loss) per share is less than $.01...."
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