From a quick scan the surprise for me is that the shares of common stock as of April 12, 2017 was 116,572,312. I had been thinking they were burning through shares the last few months. The last official count was 113,238,236 reported Feb 28, 2017. So that is not a large increase. The recent large volume is not dilution. I think that is a very good thing.
I won't have time to read it thoroughly until later in week, but I didn't see anything bad.
The funding did go through without the need for the reverse split as we had been guessing. The individual who will purchase the shares instead required they increase the AS. That could mean they do not plan to burn through those shares but did it placate the investor.
Bottom line what they have to do now is make sales. I'm not expecting overnight success with an announcement of partnership or license. I think they will have to do it the hard way with a few niche customers and build up from there. Craftsmen being their representative is still a big plus in my mind for their sucess.
News 
Market Data 
Discover 
