Friday, April 30, 2021 9:00:01 AM
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These delays primarily are related to COVID-19 restrictions and lockdown periods imposed for the last five months in the countries where the Company conducts its operations. The Company primarily conducts its business operations from four countries; Greece, Cyprus, Ghana and Nigeria. Following the public health orders and guidelines issued by local authorities, the offices in Greece, Cyprus and Ghana were closed and remained closed as a result of the outbreak until late March 2021. The Company is optimistic that the audit of the Company’s financial statements will be completed in the next few weeks and the Annual Report will be filed with the U.S. Securities and Exchange Commission by May 10, 2021.
The Company expects to report a net loss of approximately $2,666,788 for its fiscal year ended December 31, 2020, as compared to $1,087,763 for the prior year. For the year ended December 31, 2020, the Company expects to report total revenue of approximately $8,345,000, as compared to $8,582,943 for the prior year
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