Thursday, May 16, 2019 1:44:05 PM
The Registrant does not anticipate many significant changes in results of operations from the corresponding period for the last fiscal year, however, in the first quarter of 2019, the Registrant paid off its credit facility with APEG II in the amount of $936,000 which represents a significant use of cash compared to $600,000 in principal reduction that occurred in the first quarter of 2018. Additionally, the Registrant expects to report significant legal expenses for the first quarter of 2019 related to the litigation against APEG II.
Recent USEG News
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