RE:Has anyone else seen the financials?Only this MD&A info:
The Company has incurred operating losses of $528,973 for the quarter ended June 30, 2015 ($682,081 in 2014), a loss of $1,136,702 for the six months ended June 30, 2015 ($1,720,225 in 2014) and has a net loss of $1,101,114 for the six months ending June 30, 2015. The Company’s ability to continue as a going concern is dependent on the profitable commercialization of its products or obtaining additional debt or equity financing to fund ongoing operations until profitability is achieved.
At June 30, 2015, the Company held cash, accounts receivables and sales taxes receivable of $106,019. Verisante expects these funds to be able to sustain operations until additional financing can be achieved, however given the Company’s limited operating history, it is difficult to predict how the business will develop or its future operating results. There is no certainty of future profitability, and results of operations in future periods cannot be predicted based on results of operations in past periods. Generally, the securities of the Company should be considered a speculative investment.