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Re: None

Monday, 08/19/2024 10:38:17 AM

Monday, August 19, 2024 10:38:17 AM

Post# of 63460
Brutal... There are various notes all over the place, but a few stuck out to highlight...

"During 2023, we had one cycle and harvest occurred in early November 2023. During 2024, we have not stocked, nor have we had a harvest; however, we are in process of larval development with a planned stocking in August 2024."

"As shown in the accompanying financial statements, during the three-months ended June 30, 2024, we reported a net loss of $330,311. As of June 30, 2024, our current liabilities exceeded its current assets by $4,175,913. As of June 30, 2024, we had $0 cash. During the year ended December 31, 2023, we reported a net loss of $1,971,551. As of December 31, 2023, our current liabilities exceeded its current assets by $3,554,981. As of December 31, 2023, we had $6,600 cash."

"On July 21,2024, Malcolm McNeill resigned as our Fractional Chief Financial Officer and Principal Financial and Accounting Officer."
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