RE:Huge increase in revenue, same debt?This is from the MD&A on Sedar: For the three months ended June 30 2016, sales were up from 197,676 to 397,465. i.e. about double or $200,000. (due to 1Gb service, as well as a license for wholesale ISP that they purchsed).
However sales/marketing/operating costs were up $96,000 (increased advertising/sales/operating costs) and general/admin expenses were up about $158,000 (higher share-based payments, more interest, one bad debt from a former customer, higher depreciation due to spending on construction.) Hence the bigger loss.
In the Risks section (Scarcity of Capital): "The Company's publicly traded securities have reflected its operating at a loss, while at the same time not reflected its inherent asset value."