Whats this stock worth? maybe $0.15?$0.212 in equity. 33,248,674 common shares(page 19 of MD&A for Year End 2016) as of Dec 31 2016. $ 7,043,252 in Total Liability and Shareholder's equity (page 3 of Consolidated Financial Statements for years ended December 31, 2016.)
$0.212 does not include the new dilution which took place in April 2017 at $0.18. We add those 1,670,000 shares and proceeds of $300,600 Canadian to the above numbers we have $0.210 in equity
263% Increased loss between first and second half of the 2016 year.
5.05 cents per share loss on the year with 1.39cents per share occuring during the first half of the year compared to 3.66cents loss during the second half of the year.
Steady, not increasing Revenue for past 3 quarters. 1,893,092 in quarter 2; 1,625,676 in quarter 3, 1,688,582 in quarter 4, 2016.
Decreasing profit margin, Revenue of Sales over Profits on Goods. 51.3% profit in quarter 2 of 2016. 49.1% profit in quarter 3 of 2016. 47.9% profit in quarter 1 of 2016.
Increased Operating expenses quarter over quarter. Second quarter reported 1.89million revenue with 1.13million operating expenses. Third quarter reported a decrease in revenue of 260,000 to 1.63million but increased 190,000 dollars to 1.32million in operating expenses. Fourth quarter revenue increased 60,000 dollars to 1.69million in revenue but operating expenses increased 180,000 dollars to 1.50million from previous quarters 1.32million.