I agree that it looks strange. I'm not sure that they're out of options. Somehow, over the past year, they've grown their assets from $ 915,934 to $ 6,787,112 and their accounts receivable went from $ 218,257 to $ 1,246,146 with zero revenue. In the meantime, they spent $8,026,463 (lost income).
They're doing something. I suspect that these results reflect their cryptocurrency mining operation. The spending would have been for mining rigs while the asset growth came from mined crypto coins. Accounts receivable would come from sale of coins. I don't know how else you can explain these numbers.
The stock sale may simply be an effort to bring their pps up to roughly $.05/share. JMO
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