Here we go with the EBITDA number again. The company has gotten a lot of mileage off that non-GAAP number in the press releases. There is a reason why you do not find this very easily manipulated number in any official filing. Might want to stick to the numbers in the filings in my opinion. About $127K in net operating income for the first six months of 2022. The bulk of that was earned by the Canadian property. The mortgage on this property was due in July and the status as of Q2 that it is being renegotiated. Can they get this cash positive asset refinanced or do they lose it to a debt holder.
The operating income was $126,702 and $104,321 for the six months ended June 30, 2022 and 2021, respectively, an increase of $22,381 or 21.4%. In the prior period, management fees of $52,708 were reversed, after eliminating the reversal of management fees, operating income increased by $73,994, primarily due to the operating income of $131,359, generated by Evernia offset by an increase in operating expenses for the legacy business related to an increase in professional fees as discussed above.
Net loss
Net loss was $344,599 and $4,994,594 for the six months ended June 30, 2022 and 2021, respectively, a decrease of $4,649,995 or 93.1%...
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