Replies to post #8671 on Sanomedics International Holdings Inc. (fka SIMH)

[Homebrew]

WRONG. $7,059 in cash as of last 10Q

Total Assets $ 173,454
Total Liabilities $ 5,888,923
Operating Expenses $ 633,539 QUARTERLY !!

Gotta sell a LOT of $300 thermometers to dig out of that hole.

Let's say thay make $170 per thermometer.

Divide $5.8 million by $170 = 34,588

So they need to go from selling 100 thermometers to selling 34,588 thermometers just to cancel out the liabilities.

Operating expenses are $ 633,539 per quarter, so they need to sell another 3,726 every 3 months to cover operating expenses.