So you believe the company is also lying when it states in the latest filing, "The Company believes it will need to raise approximately and additional $5,000,000 to continue operations to a point where it may achieve positive cash flow through the expansion of facilities and sales" ?
No offense, but based on your struggle with the financial statements, I think I'll go with the company's projection, rather than yours.
$5 million is a lot to raise for a company with $12 million in net liabilities already, most of it a current liability. That's accounting for "currently due or due within a year".
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