what theThis line in the latest news release is unbelievable.
The Company recorded deferred sales for the six months ended June 30, 2023, of $71,986. This will be recorded as revenue when the clients accept the units.
So in other words there is no revenue for the first 6 months of 2023 and in the third quarter there might be $71,986 in revenue??? That's it! Where is the revenue from the deferred sales of 2022 and 2021? There was no revenue recorded for 2021 and $68,000 of revenue for 2022. (2020 had revenues of $36,000). Yet there were claims that close to 40 units were sold. Okay SHOW ME THE MONEY
We are now in Sept. of 2023 so maybe just maybe there will be 2 sales for 2023 so you are looking at revenue of approx. $140,000 for 2023 when the 2023 numbers get released in May of 2024. You saw what happened when they recorded $68,000 in revenue for 2022. The share price hit 12 cents this spring.
I am not bashing anything here. Just stating facts, I have more shares in this then most of you and my ex-coworkers combined hold more shares than all of you combined. All we are saying is sales have to increase to support the share price. They are selling a good pruduct. You have to wonder why people aren't buying it. Everybody is saying be patient. For how many years are you going to say that? Sales have to start happening soon. For how long can they burn through millions of dollars? They burned through $1.8 million in the first 6 months of 2023. It won't be much different in the last 6 months. For how long are they going to do this?