Thursday, April 15, 2021 6:14:55 PM
The new revenues from November and December are under billing only and will reflect on the Q1, so unfortunately this part of the 10K is not that great.
On the other hand, for all those people crying that the CEO and company does not care.. It appears that they took little to no pay for the entire year. General and administrative + salaries and wages last year was $140,000 total. It was $2,500,000 the year before.
Net income was $3 million and year before was negative $15 million.
So for those crying about dilution.. the debt extinguishment slashed about $12 million off the sheets. See why they did it now? The share price has been taking slow steps up with higher highs over the past 1 year.
Imagine when these debts sizzle down to nothing and those new mega revenues keep pouring in.. Q1 report will be fantastic, showing the full effect of new operations.
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