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) • 08/13/2024 08:39:09 PM
- 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
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • Oct 3, 2024 7:00 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM
Unitronix Corp Unveils Cryptocurrency Investment Portfolio Strategy • UTRX • Oct 2, 2024 8:40 AM