Bioelectronics Corp (BIEL)

[art2426]

From the 2023 financials, the total 'current liabilities' shown was $3,608,869. 'CURRENT' in accounting terms usually refers to 'within one year'. Thus that $3,608,869 needs to be paid in one year. They have never generated near that amount in sales in one year, how are they going to pay those liabilities that are due? Are they going to dilute some more to generate cash? Will the family or Staelin loan money with more notes written? Who outside them, would loan money with that ugly income statement and more importantly, balance sheet? I am sure that no financial institution will loan after researching such. This company has no collateral to back up any loans to any reputable loaners.

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