Replies to post #31720 on Saleen Automotive, Inc. (fka SLNN)

[wj2005]

So there assets went up, liabilities went down but that’s not good? Plus there revenue increased as well???

Of course operating costs have gone up since they have hired more employees as well which isn’t free lol.

The net working deficiency went DOWN by $2,309,540! So if this trend continues with the next report I’d say we would not be negative anymore! That is a huge drop and not mentioned at all!

As of As of
December 31, 2018 March 31, 2018
(Unaudited)
Current Assets $ 2,578, 983 $ 1,257,935
Current Liabilities 3,582,037 4,570,529
Net Working Capital Deficiency $ (1,003,054 ) $ (3,312,594 )