Friday, September 23, 2022 1:45:11 PM
CAPC is a cash burning machine. To bring the mirror to market, they raised over $3.1 million in 2021/2022:
$1.5 million PIPE in April 2021
$1.02 million insider loan in October 2021
$600K loan in May 2022
For that money, they got about $1.05 million worth of mirror inventory, or around $1.4 million retail pricing (when the mirrors were selling for $899/$1099). The rest of the money went to keeping the lights on, and paying fat salaries.
As of 6/30/2022, CAPC had $725K cash, and $9.5K accounts receivable. During the first half of 2022, CAPC spent $1.140M on operating activities, or $570K/quarter average.
$735K/$570K = 1.29 quarters worth of cash, or a bit under 4 months.
That takes us to around Halloween 2022. Spoooooky!
Recent CAPC News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:42:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 04:55:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 07:14:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/03/2023 06:12:39 PM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM