As of March 31, 2022, the accumulated working capital deficit was $103,419,926. Management secured a short-term line of credit of 14.3M, of which the total principal balance outstanding was $13M. This last quarter, ALRT showed another $1.4M Net Loss this past quarter, and Cash down to $179K.
A very discouraging 10Q, IMHO. ALRT better secure a "partnership" soon, or they'll run out of lines of credit and promissory notes to keep them afloat.
I may not be an expert in Pet CGM systems, but I know a bad financial report when I see one. And with ALRT, it's a never-ending succession of bad reports with time not on their side.
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