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Sunday, April 17, 2022 1:50:13 PM
If you had, you would have noticed the following:
This does NOT LOOK GOOD!
1. The huge amounts of debt currently.
2. Very little cash on hand.
3. Lots of conversion debt which convert into cheap shares.
4. THEY NEED MORE THAN $35 million to keep operations going!
During the year ended December 31, 2021, cash used in operations totalled $5,613,568. The relatively normal level of cash used compared to our estimated working capital needs in the future was the result of an accumulation of lease receivable that increased due to in house finance of selected customers. We need to reduce the current level of payables in the future to maintain a good relationship with our vendors and expand our sales and service team to achieve our operational objectives. At present, our cash requirements for the next 12 months outweigh the funds available. Of the $35,700,500 that we require for the next 12 months, we had $275,383 in cash as of December 31, 2021, and a working capital deficit of $2,314,163. Our principal sources of liquidity are cash generated from product sales and debt financings.
Recent DSGT News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/05/2024 09:29:16 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 10:20:11 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/29/2023 05:56:39 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2023 08:44:41 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/13/2023 05:46:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/13/2023 05:20:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/13/2023 05:16:13 PM
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