Dror Ortho Design Inc (DROR)

[ssc]

Everyone is tired of the pandemic. But I would think nvnt shareholders would be just as sick and tired of this warning from management:

These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred recurring losses and at June 30, 2020, had an accumulated deficit of $41,368,099. For the period ended June 30, 2020, the Company sustained a net loss of $81,964. These factors, among others, indicate that the Company may be unable to continue as a going concern for the next twelve months from the date the financial statements were issued. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that may be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is contingent upon its ability to obtain additional financing, and to generate revenue and cash flow to meet its obligations on a timely basis. Management intends to source new inventory and generate revenue by increasing its sales efforts. The Company will continue to seek and raise additional funding through debt or equity financing during the next twelve months.