Alpine 4 Holdings Inc (ALPP)

[MD revliS]

It definitely is not meaningless to understand the numbers that affect the Accumulated Deficit up until today..
The total deficit of $32 million (I think) has at least $8 million worth of it based on stock equity and Not actual cash. That will be the case until they sell all of those 16 million shares..
It really only counts against them (as true debt) if they tried to purchase those shares back and put them in their Treasury or retire them.
In that case, the Company would have to actually spend money, and it would basically equate to giving money away to their own employees. According to my understanding.. but hey let me start my own company and give myself stock after IPOs and before I generate real revenue lol.