Ihub, Their Q1 net-loss was 655K. I figure that ONEV will need MINIMUM 500K on top of their 200K in average sales. 700K-800K should do the trick. Notice that ONEV's expenses were greater in Q1/08 than Q1/07? So even with reduced employees, ONEV is burning CASH at a much greater clip. I thought Dean mentioned costs being reduced?
THREE MONTHS ENDED
MARCH 31, MARCH 31,
2008 2007
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Net Revenue $ 188,753 $ 210,393
Cost of goods sold 94,926 99,222
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GROSS PROFIT 93,827 111,171
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General and administrative expenses 749,536 631,605
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NET LOSS FROM OPERATIONS (655,709) (520,434)
