RE:Financials are improvingThis is why the company was ALMOST profitable:
Operating expenses were $93,766 for the three-month period ended September 30, 2020 (September 30, 2019 - $214,537). During the September 2020 quarter the Company focused on cash conservation as the COVID-19 crisis closed or reduced access to many of the businesses to which the Company sold or revenue shared its PoolSafe units. Senior staff deferred salary during the September 2020 quarter to preserve cash. All staff were placed on temporary leave and spending was reduced to care and maintenance items only. Reduced sales in the September 2020 quarter as compared to the September 2019 quarter reflects the closure of many businesses during COVID-19 related lock downs. Public company fees include investor relations expenses which were contracted before the pandemic closures occurred.
Dragoon wrote: The last Quarter ending September was almost profitable with even less revenues due to Covid lockdowns.
Also year over year Income Statement, Operating Cash Flow and the Balance Sheet are all looking a lot better. I look forward to the next financials.
Furthermore, the company presentation shows clearly the potential of the market for the firm.