Coretec Group Inc (CRTG)

[iamthe walrus]

From the new 10 Q low on cash very low .....We had cash of $115,073 at March 31, 2024.

We had negative working capital of $475,618 at March 31, 2024.

During the three months ended March 31, 2024, we used $361,720 of cash for operating activities, a net decrease of $20,664 or 5% compared to the three months ended March 31, 2023.

The net decrease in the use of cash for operating activities was a result of an increase in the net loss of $16,836, a decrease in the amortization and depreciation of $8,955, a decrease in prepaid expenses of $13,145, and an increase in accounts payable and accrued liabilities of $59,600.

During the three months ended March 31, 2024, we used $47,195 of cash for financing activities compared to $30,498 for the three months ended March 31, 2023. The net increase of $16,697 results from an increase in payments on notes payable.