A few bright spots in the 2024 financials
* The 'Cost of Goods Sold' dropped to 26% of Sales in 2024 vs 34% in 2023, more 'Gross Profit' per device sold
* Zero Dilution in 2024, the 'Outstanding Shares' remained the same as 2023, no BIEL 'Convertible Loans' were converted into shares, lenders giving BIEL more time to become profitable
* Dr Staelin and St John's, two of BIEL's major lenders, made an additional $302k in 'Interest Only Loans', no conversion option, in 2024 to BIEL
* BIEL's largest lender, IBEX (KW), has chosen to forego interest for 2024, saving BIEL hundreds of thousands of dollars in additional debt
* With limited financial resources BIEL still invested $266k in R&D in 2024, this is investing in BIEL's future, new products?, improving existing products?, new applications for existing products?
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