YOU have got to be kidding me? REALLY, you have found something you think is positive in this these financials?
C'MON, please stop with the constant positive 'pie in the sky' BS and look at these number for what they ARE! I just now have reviewed them,
Here are the low lights, as there are NO highlights if you understand financial statement. THIS is what all stockholders need to see and focus on:
- Total assets of $43,326 (last year: $144,388). Total liabilities of $17,452,395. That is an asset/liability ratio of 1:402! So they OWE 402 times what the OWN. MUCH worse than they showed last year.
- Sales decreasing: (2024 - $496,032) --- 2023: ($714,708)
- Another year of NET LOSS of $930,650. More than prior year. Add that to every other year in business of NET LOSSES.
- Accumulated deficit now stands at $40,744,849
- Interesting that Notes Payable have increased another million and is now at over $13,000,000. More need for more money?
THIS IS UGLY and SAD ----- and that is NOT IMO ---- it is TRUE! (ask any accountant)