You made a mistake. The inventory shown in the Q3 2022 10-Q was listed at $6,580. At the end of 2023, the inventory increased to $6,884, an increase of $304.
KBLB showed a hank of silk in the December 2023 photo. We don’t know the weight of that hank. If it was 10 kilos, that suggests KBLB priced the silk at about $30/kilo.
The implication is that KBLB produced about 219 kilos in all of 2022, 10 kilos during all of 2023, and no additional silk in Q1 2024.
Pricing it at $30/kilo does not imply that is the sales price of the silk—only the production ‘cost.’ It appears that KBLB paid GSS $100,000 to produce 219 kilos of silk.
These numbers suggest why KBLB abandoned their previous strains and are now hoping for a base hit or better with Bam-1.
Stay tuned… the KBLB way.
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