InvestorsHub Logo
Post# of 200773
Next 10
Followers 21
Posts 4513
Boards Moderated 0
Alias Born 12/18/2009

Re: None

Monday, 05/15/2023 11:52:36 AM

Monday, May 15, 2023 11:52:36 AM

Post# of 200773
@PCTL_ has limited assets, has an accumulated deficit of $29,378,449 and has negative cash flows from operations. As of September 30, 2022, the Company had a working capital deficit of $4,123,267.

For the nine months ended September 30, 2022, the Company recorded a net income of $220,544 and at September 30, 2022, had a working capital deficit of $4,123,267

Our current cash flow is not sufficient to meet our monthly expenses of approximately $250,000 and to fund future research and development adequately. We intend to rely on additional debt financing, loans from existing stockholders and private placements of common stock