Great Tang Bid Technology Inc (fka GTBT)

[bia33nca]

No. The total assets are $6 million which includes all the other factors. I highlighted cash because that is the liquid cash the company claimed to hold in June and the physical assets they retain. but it is all inclusive to the $6M.

Liabilities are what they owe in payroll and payments to suppliers for inventory identified as assets along with other debts.

G&A is the costs to non manufacturing labor and overhead including salaries for executives, sales and marketing, and office lease. It is everything the company spends that is not directly involved in the cost of product associated with revenues (COGS). Notice how it dwarfs revenues. It is why a 40% profit margin claim is ludicrious.