Bro, there is some major convertible debt hidden here. What you circled shows the liabilities of $1.5 million, which has convertible features built in some of the owed money. Liabilities and shareholder equity shows what the company owes(liabilities) compared to what shareholders would receive if the company was bought out and money had to be paid out to shareholders(shareholder equity.) These numbnuts did not even do the math correctly, they show 1,529,647 - 1,529,647 = 50,000 lol. It should be 1,579,647 - 1,529,647 = 50,000. This ticker still has major cleanup needed. The majority of the old loan looks like its owed to Ladin but they never identify who is the loaner. Also shows 300k convertible @ .0005 and another 50k convertible @ 50% discount.
I thought MacKay was legit until I saw he bought court debt @ GEGI and has been dumping it on everyones heads. Hes a slimy dude, wolf in sheep clothing.