Just to add to my last commentSo if you read my last comment then you should understand the $25 million fair value loss can be ignored, as it's just part of the way the Black-Scholes option pricing model works. Again, the proceeds from those warrants actually becomes an asset, as it is used to grow and expand the company. 30 + clinics at $2 - $3 million a year = $60 - $90 million/year. I would definitley say that is a great use of the cash from those warrants.
So if you really want to look at how the company is fairing at the momment look at the revenue of $2 036 700 and the losses/expenses of $744 053 (clinic expenses) and $1 403 181 (operations loss) = $2 147 234. As you can see Steve has brought this company to a break even and will soon be moving on to being profitable once those clincs are added to the revenue.
The Q1 financials is certainly not what people think it is and in fact the results are actually pretty good if you understand what you're looking at. It shows the company has continued to move upward and is in a great position just as Steve has said in his interviews. He hasn't lied, you're just not understanding the numbers.