Wednesday, September 21, 2022 11:45:14 AM
Through nine months, Operating Expenses (including payroll and much more) was $4,229,093. Gross Profit was only $2,141,071, so the Operating Loss amounted to $2,088,022.
It seems to me that BZWR will run out of cash and equity soon if the $8.75 million committed for Alchemy doesn't greatly expand the Gross Profit. It could do that if $5 million in annual sales for Alchemy is realized and Cost of Sales is minimal. There would also need to be not much new Overhead coming along with that.
But if we see a ton of new Goodwill on the Balance Sheet, representing a lack of tangible assets, my outlook would be less optimistic than it is now. If Alchemy is not a "big deal", $8.75 million is a whole lot to spend for it!
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