How can / should we? You were completely rude / condescending to Stox a week and half or so ago, who BTW provides excellent & some of the most insight on the forum. I wouldn’t want to fall victim to your wrath so I’ll let someone braver respond about the increased revenue, decreased liabilities, paid off big debt, added more vehicles (would assume those are armored trucks but could be wrong in my assumption) and the list continues.
It was, by far, their best quarterly filing to date. Their gross profit for the three Months generated a whopping 73%, which is phenomenal. Their net Income percentage is a whopping 27 1/2% of revenue , which is phenomenal.
They had net income per common share of a whopping .27 on a diluted basis!!
The net income per share was boosted heavily by the cash settlement of the unrelated third party debt(derivative liability).
Crown Bridge actually took cash for the balance of the note and was paid off in full(I thought they would be pricks-surprise). No shares will come to market:
During the six months ended June 30, 2021 the Company repaid the remaining principle balance of $9,708. As of June 30, 2021 and December 31, 2020 there was a balance remaining on the loan of $0 and $19,218, respectively
This...:
As of June 30, 2021 and December 31, 2020 the balance outstanding on the loan is $150,000 and $100,000, respectively. On May 28, 2021 the Company entered into a settlement and release agreement with the borrower and agreed to pay them discuss additional amount bounded to interest expense for the settlement $400,000. The First payment of $200,000 was due upon signing and Company agreed to make additional $100,000 payments on the 30th and 60th day after signing. The additional $250,000 settlement was record as interest during the Six months ended June 30, 2021. As of June 30, 2021 accrued interest had been repaid.
Almost forgot. For years this Company has generated the same amount of revenue. They have been decreasing costs associated with such during that time. Now..for the first time...they are increasing revenue while maintaining/growing a very strong gross profit.
From 6 Months ended 2021...they they have increased revenue by 18% compared to 6 Months ended 2020
!!Their operating income has increased a whopping 2x compared to the first six Months of 2020
They have decreased their total liabilities by 13%(6 Month ended comparison)
They have increased their total assets by 10%(6 Month ended comparison)