Financials There is a plenty of information in these financials-but let’s start with the introduction by the auditors:
BDO Auditors NoteMaterial Uncertain
.Related to Going Concern
We draw attention to Note 1 in the consolidated financial statements, which indicates that the Group incurred a net loss of $1,850,676 and a negative operating cash flow of $1,100,354 during the year ended December 31, 2020 and, and has accumulated $39,867,182 of losses as at December 31, 2020. As stated in Note 1, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
These statements are always looking backward-and new money has been raised, and it is indicated this will be required again in all likelihood.
So anyone keen on dissecting the financials ?