Followers | 42 |
Posts | 5751 |
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Alias Born | 04/12/2021 |
Saturday, October 09, 2021 9:39:58 AM
“ The Company incurred in a total loss during the six months ended June 30, 2021, of $3,553,327. Furthermore, the Company has limited financial resources, no source of operating cash flows, and there is no assurance that enough funding (including adequate financing) will be available to conduct further research and development. These factors indicate the existence of a material uncertainty that casts significant doubt upon the Company’s ability to continue as a going concern. As a result, the Company may be unable to realize its assets and discharge its liabilities in the normal course of business.”
Licensing fees are dilutive factor here without assets and without revenue. Nice job by the TSA to allow a security company to have no assets as it develops a potentially life saving tech, par for the course. All imo.
my posts are always theory and not financial advice
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