Current Liabilities Does anyone have info. about NXO’s Current Liabilities? It’s stated as “Accounts payable and accrued liabilities”, and this debt is going up by about $300K each quarter. The notes don’t provide much information.
Here is the summary.
Current Liabilities as of:
Jun. 30, 2022: $1,690,725
Mar. 31, 2022: $1,311,804
Dec. 31, 2022: $1,004,126
Sep. 30, 2021: $674,410
See the pattern? Current debt going up by about $300K each quarter. Does anyone know what this debt is? I don’t know for sure, but it seems like what Bill C (former PR guy) said about NXO asking employees to be team players and defer salary. Looking through past financials raises more questions than answers. It’s puzzling.
Thanks.