That's loosely true. A company can be profitable while carrying significant debt load, as long as they can accommodate the debt structuring. In the same way that folks make monthly mortgage payment, while still having cash left over at month end, a business can have profits to use as required as long as revenue supports it.
Noted and agree We've seen debt reduction in Q2 which tells me debt reduction is a primary concern to reduce. We should see further reduction in Q4. With 10M guidance for 2021 I'm thinking by end of Q1 2021 the company can be debt free.
News 
Market Data 
Discover 
