Many successful ones have far less also. AKRN, CACI, are 2 good ones. Of course Elite is no AKRN, CACI, MSFT, JAZZ, or any other company that may have a billion shares or more. Elite has been a share printing company for the most part. Maybe once it hires 50 or so more employees, perhaps 3 or 4 more VP of continuing losses, and a few more Directors, it will finally break even.