Followers | 585 |
Posts | 31647 |
Boards Moderated | 1 |
Alias Born | 03/08/2006 |
Saturday, December 19, 2020 12:23:59 PM
As of September 30, 2020, the Company had cash of $650 and a working capital deficit (current liabilities in excess of current assets) of $83,791,130. During the nine months ended September 30, 2020, the net loss available to common stockholders was $142,405,892 and net cash used in operating activities was $717,062. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the issuance of the unaudited condensed consolidated financial statements.
During the nine months ended September 30, 2020, the Company received proceeds of $637,000 and $132,911 from the issuance of convertible notes and non-convertible notes, respectively. The Company does not have sufficient cash to fund operations for the next fiscal year.
The Company’s primary source of operating funds since inception has been cash proceeds from the public and private placements of the Company’s securities, including debt and equity securities, and proceeds from the exercise of warrants and options. The Company has experienced net losses and negative cash flows from operations since inception and expects these conditions to continue for the foreseeable future. The Company’s ability to continue its operations is dependent upon its ability to obtain additional capital through public or private equity offerings, debt financings or other sources; however, financing may not be available to the Company on acceptable terms, or at all. The Company’s failure to raise capital as and when needed could have a negative impact on its financial condition and its ability to pursue its business strategy, and the Company may be forced to curtail or cease operations.
Management’s plans regarding these matters encompass the following actions: 1) obtain funding from new and current investors to alleviate the Company’s working capital deficiency; and 2) implement a plan to increase revenues. The Company’s continued existence is dependent upon its ability to translate its audience into revenues. However, the outcome of management’s plans cannot be determined with any degree of certainty.
Recent GWAV News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 09:12:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 09:00:23 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:06:18 PM
- Greenwave Technology Solutions' Scrap App Sets New Weekly Revenue Record; Expands to Greenville, NC Market • PR Newswire (US) • 08/02/2024 04:12:00 PM
- Form 424B4 - Prospectus [Rule 424(b)(4)] • Edgar (US Regulatory) • 08/02/2024 11:00:35 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/02/2024 04:15:04 AM
- Form 424B4 - Prospectus [Rule 424(b)(4)] • Edgar (US Regulatory) • 08/01/2024 08:45:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 09:20:37 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 07/19/2024 09:16:02 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 06/18/2024 04:14:31 PM
- Greenwave Technology Solutions' Scrap App Sets New Daily Record • PR Newswire (US) • 06/18/2024 04:01:00 PM
- Greenwave Technology Solutions Completes Recapitalization • PR Newswire (US) • 06/18/2024 12:37:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 10:15:41 AM
- Greenwave Technology Solutions Regains Full Compliance with Nasdaq Listing Standards • PR Newswire (US) • 06/18/2024 08:11:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/14/2024 08:05:25 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 06/12/2024 08:25:23 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 06/12/2024 08:21:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 01:25:41 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/05/2024 07:26:03 PM
- Greenwave Technology Solutions' Downstream Processing System Generates Record Revenues as Copper Hits All Time High • PR Newswire (US) • 06/05/2024 11:07:00 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 06/03/2024 01:32:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 10:20:29 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 10:16:08 AM
- Greenwave Announces Reverse Stock Split to Regain Nasdaq Compliance • PR Newswire (US) • 05/29/2024 05:30:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/24/2024 09:25:53 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM