10-Q page 18
We are pursuing licensing activity and collaborations to increase revenue. Additionally, we are evaluating options to secure funding for infringement activities to protect our proprietary technology or other forms of fund-raising either in the debt or equity markets. None of these options are definitive and there is no guarantee we will be successful in these fund-raising efforts. In addition, while the potential economic impact brought by and the duration of the COVID-19 pandemic may be difficult to assess or predict, it has already caused, and is likely to result in further, significant disruption of global financial markets, which may reduce our ability to access capital either at all or on favorable terms. At March 31, 2021, we had $731,000 in cash and total current liabilities of $753,000. We estimate cash will be depleted by the first quarter of 2022 unless we are able to increase revenues or raise additional capital.
From reading prior SEC filings as far as 3 years ago and to date! The company indicates they are pursuing licensing and collaboration revenue which is good but why is it that us retail shareholders here nothing as to any licensing or collaboration deals with any prospect regardless if it is negative or positive. The company "HDC" appears very distant from every producing any news referencing any positive licensing or collaboration deal I mean our CEO who even shut down the HDC office in Pennsylvania, sure it was probably an office within his home but how would any CEO conduct business with office shut down? It seems he wouldn't but of course if Marty lives in Georgia then he could easily conduct business deals or George could easily blame him for no licensing or collaboration deals.
Maybe HDC might blame all us retail investors on why HDC hasn't any collaboration deal or place blame on COVID which is clearly BS!
Look at that share price is moving upward, cool!
