RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The IdNow Fiasco in CanadaI think what makes it more cautionary are that bulk of the liabilities are now current and no longer long term (12 months or more). So the cash burden over the next 12 months will be much higher than in previous years because these liabilities have now come due.
I don't believe an approval will remedy this overnight unless the company uses the news and issues additional stock to bring in fresh capital or finds a partner for a private placement. As moemoney mentioned both of these are dilutionary moves which day traders or pumpers don't care about. But long holders should be a little concerned.
Like every business they need capital to operate, scale and service debt loads. I did not read anything about a revolving credit facility in the statements which I agree is common in companies and is also referenced in these types of statements. If I missed it feel free to direct me to it.
My opinions – Except the Liabilities being current are facts.