Yes we do know the answer to the question that Bill asked. This first Modern Round location is a failure. It is losing money and has negative cashflow. Therefore it does not generate any money to apply to new locations. Perhaps one could say it is not a failure because Mod Round is learning and finetuning and may yet hit on a formula that works. So far, they have not. Groupon is a sign of utter desperation in my opinion. Read the MR quarterly and annual filings. This site needs a little over $1.25mil per quarter in revenue to break even on a cashflow basis. They are no where close to that.
New locations will require additional investment into Modern Round by the current deep pocket owner (not VirTra) who owns 80% of it.
But again, Mod Round is not a reason to buy or not buy VTSI. The VirTra story and performance is great and healthy (and likely even better) without MR.
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