Current market cap is $3M, even if they have debt not much is needed to prove the value higher than $3M, we know velocity alone was doing over $5M in annual revenues, that they have invested of $5M in equipment and so on with a valued of $3M
But somehow a company with $6M in assets and revenue run rate below $30M should be valued over $60M, would seem to indicate then we are really undervalued at current prices based on that comparison