SmartMetric Inc (SMME)

[hancockstreet34]

Well today the 10-Q shows the card does not exist and they don't have any money to operate==>
is now in the final stages of development so that it can be presented to the network and various card issuing banks.
To date, we have devoted substantially all of our efforts and financial resources to the development of our biometric card. Since our inception in 2002, we have generated no revenue from product sales and have funded our operations principally
through the private sales of our equity securities.
We have never been profitable and, as of September 30, 2023 and June 30, 2023, we had an accumulated deficit of $31,602,110 and $31,431,438, respectively.
We expect to continue to incur significant operating losses for the foreseeable future
Our cash and cash equivalents balance at September 30, 2023, was approximately $15,750, representing 27.5% of total assets.