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Carbeeza Inc Com V.HIT

Hit Technologies Inc develops, manufactures, and sells accessories for mobile devices for iPhones in Canada, the United States, and internationally. The firm is engaged in designing, manufacturing, and distribution of the company's suite of HITCASE products, professional lens and mounting systems for iPhone. Its product portfolio includes Hitcase PRO, a rugged, waterproof, and mountable case with removable lenses; Hitcase SHIELD, a case that is waterproof and shockproof; and Hitcase SNAP, a case


TSXV:HIT - Post by User

Comment by BirchBrookon Feb 05, 2018 9:38am
51 Views
Post# 27502388

RE:RE:Q2 financials are coming

RE:RE:Q2 financials are comingThe Company’s unaudited interim consolidated financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. For the three months ended September 30, 2017, the Company incurred a loss of $282,827 (twelve months ended June 30, 2017 - loss of $2,011,586), negative cash flows from operating activities of $172,593 (twelve months ended June 30, 2017 - $1,288,514), and an accumulated deficit of $12,195,725 at September 30, 2017 (June 30, 2017 - accumulated deficit of $11,912,898). These conditions indicate the existence of a material uncertainty that may cast substantial doubt regarding the Company’s ability to continue as a going concern
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