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Re: G-OiL-D post# 2111

Tuesday, 05/02/2023 10:49:24 AM

Tuesday, May 02, 2023 10:49:24 AM

Post# of 3089
Looks like the income statement did generate numbers that I would expect:

The Company incurred net losses of $35.7 million and $5.7 million for the three and nine months ended September 30, 2022, respectively. The Company generated net income of $33.8 million and $15.7 million for the three and nine months ended September 30, 2021, respectively. Accumulated deficit amounted to $15.7 million and $26.4 million as of September 30, 2022 and December 31, 2021, respectively. Net cash used in operating activities was $116.2 million and
$52.2 million for the nine months ended September 30, 2022 and 2021, respectively.

I don't under stand the lack of income through out 2022, to Sept 30,2022. I have to delve deeper.
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