Have you ACTUALLY READ the financial reports?
If you had, you would have noticed the following:
This does NOT LOOK GOOD!
1. The huge amounts of debt currently.
2. Very little cash on hand.
3. Lots of conversion debt which convert into cheap shares.
4. THEY NEED MORE THAN $35 million to keep operations going!
During the year ended December 31, 2021, cash used in operations totalled $5,613,568. The relatively normal level of cash used compared to our estimated working capital needs in the future was the result of an accumulation of lease receivable that increased due to in house finance of selected customers. We need to reduce the current level of payables in the future to maintain a good relationship with our vendors and expand our sales and service team to achieve our operational objectives. At present, our cash requirements for the next 12 months outweigh the funds available. Of the $35,700,500 that we require for the next 12 months, we had $275,383 in cash as of December 31, 2021, and a working capital deficit of $2,314,163. Our principal sources of liquidity are cash generated from product sales and debt financings.
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