Bioelectronics Corp (BIEL)

[art2426]

As if the income statement is not bad enough, that balance sheet is beyond ugly imo. Click on #3 for the balance sheet and look at the 'total assets' ($170,372) and 'total liabilities' ($16,135,333). That massive difference is beyond concerning when analyzing the worth of a company. When you OWE that much more than you OWN, how is that not a problem? Over TWENTY years in business and this is what they have to show to their stockholders, for the 'progress' they have accomplished?

https://www.otcmarkets.com/otcapi/company/financial-report/374761/content