Results of operations:
For the 3 months ended June 30,2019 there was a net loss of ($322,406), compared with a net loss of ($183,174)
for the 3 months ended June 30,2018 mainly attributable to the cost of increased engineering staff and the cost of
increased legal fees to obtain the Regulation A and the Section 3(a)10 financing.
For the 6 months ended June 30,2019 there was a net loss of ($649,900), compared with a net loss of ($328,503)
for the 6 months ended mainly attributable to the cost of increased engineering staff, increased product
development costs, increased legal fees to obtain the Regulation A and the Section 3(a)10 financing and the cost
of $ 135,012 for the presentation booth and related expenses associated with the January 2019 CES show.
Net cash flow for the 6 months ended June 30,2019 amounted to $ 2,443, represented by the receipt of proceeds
from the Regulation A offerings of $ 574,930, less $ 463,866 used in operating activities, $ 55,100 invested in new
products in development and $ 53,521 net reduction in loan debt, This compares with net cash flow of $ 25,511 for
the 6 months ended June 30,2018 represented by funding from affiliate and other loans of $ 349,365 less
$ 323,854 used in operating activities.
On June 30,2019 the accumulated debt and accrued interest due to affiliate (Roxbury Investments LLC) was
reduced from $1,027,676 to $375,250 through the assumption of $ 652,426 by two of Tri Cascade Inc’s Taiwan
manufacturers in return for which they collectively received 2,347,633 Class C non-voting Preferred shares of Tri
Cascade, Inc. The $ 652,426 debt reduction and assumption has been reflected as additional paid in capital
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