RE:DO YOU HAVE AN ANSWER HYPOCRITTER AKA PENNYTRADER?????$9,142,454 is only deficit. This is how much it cost them to get to where they are now. Once they become profitable this deficit will gradually disappear from their balance sheet. Lovecheapies wrote: t March 31, 2018, the Company has not achieved profitable operations and has accumulated losses of $9,142,454 (December 31, 2017 – $8,815,714) since inception and expects to incur further losses in the development of its business.
KEY WORD: LOSSES
As at March 31, 2018, the Company had working capital of $242,494 (December 31, 2016 – $498,157). The Company likely has insufficient funds from which to finance its operating activities for the next 12 months
AKA THEY ARE RUNNING OUT OF MONEY! DO THE MATH. NEXT Q THEY ARE BROKE!!! TICK TOCK TICK TOCK