Tuesday, May 23, 2023 8:32:30 AM
Currently, I see roughly $23,161,970.63 in TOTAL Parts & Materials with $8,018,987.63 in Finished Goods. This roughly equates to $31,180,958.26 in total.
Additionally, we see "Contra - Inventory Obsolesces" that is old or obsolete equipment that either can't be used anymore or has to be sold at a discount and shows up in the negative. These parts, correct me if I am wrong, masks the actual value or assets of the company because these parts are in the negative on the sheets but is not the case when you separate the two.
If I am reading this correctly, you add the total above $31,180,958.26 + (the total assets) $12,605,402.66 (little farther down on that sheet), comes out to be approx. $43,642,644.29, not including the liabilities or anything that I can see that would go against this like parts, wages, materials and space.
And if the liabilities are completely removed as some say already. I can see why the company could be worth a minimum $250-500,000,000. They built a $7,000,000 plant in Georgia is I have that correct, and was able to increase their workforce once again to 50-100 people, if not more.
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