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Re: jedijazz post# 672

Monday, 08/21/2023 4:00:14 PM

Monday, August 21, 2023 4:00:14 PM

Post# of 756
The company has a good amount of money for operation...

As of June 30, 2023, the company had cash balances of $2.0 million and working capital of $3.7 million. There was $719,623 of outstanding debt which was a factoring line of credit related to outstanding receivables. The company raised $3.6 million in equity capital during the 1st quarter due to the exercise of 18.0 million outstanding warrants.

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