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Friday, August 05, 2022 3:30:00 PM
For the six months ended May 31, 2022, the Company realized net loss of $1,335,381 attributable to common stockholders and had a working capital deficit of $4,034,621. For the six months ending May 31, 2021, the Company incurred a net loss of $98,111 attributable to common stockholders and a working capital deficit of $3,563,536. The Company has relied, in large part, upon preferred equity and debt financings to fund its operations. As of May 31, 2022, the Company had outstanding indebtedness, net of discounts, of $1,658,243 and had $36,710 in cash. As of November 30, 2021, the Company had outstanding indebtedness, net of discounts, of $1,655,067 and had $181,088 in cash.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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