Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

Jealmc, here is the issue I’m confronting.

The value of the inventory increased by $304 from 2022 to 2023, according to the 10-K, which covers the period from January 1 to December 31 in 2023.

We saw Thompson taking delivery of a hank of silk in a photo taken in December. People are estimating the weight of that hank around 25 kilos, though KBLB has never specified the exact weight.

Obviously that hank of silk was added to KBLB’s inventory in 2023. The value of the inventory (reported in the 10-K) only increased by $304. That seems to indicate the hank of silk he was holding was only estimated to be $304.

If we consider the hank of silk to be 10 kilos, and each kilo has a value of $30, that gives us the $304. But valuing their raw silk at only a value of $30/kilo seems low to me. The weight of that hank of silk seems like it exceeds 10 kilos. By just about any measure I can think of, Thompson should be holding more than $304 in silk in the picture he posted.

Did KBLB not include the silk in their 2023 inventory? Is the hank of silk much smaller than we estimated? Is KBLB using a very low value per kilo of their silks?

Right now, I don’t have a good answer to these questions.