Kraig Biocraft Laboratories Inc (KBLB)

[es1]

That is a little confusing with the 1s vs 3s
But I believe you are saying
The nasdaq capital markets using the equity standard and closing price alternative.

If that is correct Kim needs a gift.

qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above.

Our current TOTAL assets are $800,000


What Are Net Tangible Assets?

Net tangible assets are calculated as the total assets of a company, minus any intangible assets such as goodwill, patents, and trademarks, less all liabilities and the par value of preferred stock. In other words, its focus is on physical assets such as property, plant, and equipment, as well as inventories and cash instruments.


Am I missing something?