Positive ResultsAs I had expected, we've "turned the corner" and will hopefully continue gaining traction.
From the latest news:
- The Company continues to operate debt free and is sustaining its operations through positive cash flow.
“The Company has made significant progress in 2016 in controlling its expenses and improving its balance sheet. These efforts are reflected in improved cash flow and an increasing upward trend in net operating income from beginning of the year through December 31, 2016. The recently closed, oversubscribed private placement was designed to help the Company expedite its new product development activities”, said Mr. Michael Sonnenreich, Chairman of the Board of Directors of the Company.
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They are using the recent PP to accelerate bringing new products to market. I'd like to think that things will only get better from here.