Movement Industries Corp (MVNT)

[SooS416]

It says it all in that same PR, it clearly states that the $350k was purchased by Velocity and was off balance sheet of MVNT until Velocity is able to report using US GAAP accounting. Not sure why you just ignore everything after the first sentence of the PR

"The CNC machines were purchased through Velocity Manufacturing to increase its production capacity to meet anticipated future demand based on its 2019 growth rate and existing sales pipeline. "

"Most of the Company’s growth to date has occurred in off-balance-sheet entities. Financial results for these entities will be included in future disclosure statements once the Company has completed the transition to its new ERP system and made appropriate adjustments to its financial results for GAAP compliance."