Replies to post #79756 on Nate's Food Company (NHMD)

[Arthur]

Sales: $1,942 Cost of Goods Sold: $272
Total operating expenses: $4,129

Operating Loss ($2,459)

Total Assets: $1,564
Total liabilities: $613,228

As of August 31, 2017, our company had $1,564 in cash. In management’s opinion, our company’s cash position is insufficient to maintain our operations at the current level for the next 12 months. Any expansion may cause our company to require additional capital until such expansion begins generating revenue. It is anticipated that the raising of additional funds will principally be through the sales of our securities.

Operations are marginal, and the company is broke.

That's my interpretation, based on the facts above.