RE:PEG valuation is very attractiveCash provided by operating activities was $6,537,988 for the year ended August 31, 2023, as compared to cash used of $4,596,788 during the year ended August 31, 2022, which was primarily related to the decrease in liabilities and accounts receivable during the current year
Liabilities were way down and the LOC is reported as nil balance. Accounts receivable also down.
Total Non-Current Liabilities $ 561,851 $ 1,578,025 $ 1,790,287 $ 815,395
Total Liabilities $ 3,866,678 $ 10,470,109 $ 4,421,803 $ 4,764,064
Cash flows used through financing activities during the year ended August 31, 2023, was $4,812,082 as compared to cash provided of $3,624,171 during the year ended August 31, 2022, primarily due to the repayments on the line of credit during the current year
As at August 31, 2023 there was $Nil owing under the Credit Facility (August 31, 2022 - $3,536,593).