RE:RE:RE:His salary is $450,000 As at March 31, 2023, the Company has working capital of $786,925 ($1,650,709 as at December 31, 2022) including cash
of $1,887,021 ($3,445,649 as at December 31, 2022). The working capital is net of an allowance for credit losses amounting
to $5,725,840 ($5,023,283 as at December 31, 2022).
As at June 30, 2023, the Company has working capital deficiency of $3,168,366 ($1,650,709 as at December 31, 2022) including cash of $829,583 ($3,445,649 as at December 31, 2022).
Working capital dropped over $5 million in the last quarter DESPITE the company having received $2 million from Drosrite ( from memory only ).
Over $7 million disappeared during the quarter.
That's a brutal cash burn.
The company won't survive without drastic remedial measures.