$2,657,303.00 Million Loss, due To Expenses From VoltaXploreThat's correct. The Battery cells segment, i.e. VoltaXplore, contributed to NanoXplore balance sheet that $2,657,303.00 Million loss, attributable to VoltaXplore G&A and R&D expenses
That's a loss which is up from the previous $623,092.00 loss contributed from VoltaXplore; and what's that absolute bullpucky about said $2.657 Million + loss being partially attributable to the acquisition during 2023 of the Martinrea share of VoltaXplore? Does the company have a 2023 fiscal year end financials restatement to make?
Exactly how many times are you going to pay Martinrea International, in NanoXplore share capital of course, for it's previous equity ownership of VoltaXplore.
Perhaps VoltaXplore has clearly become the designated sink into which any would be NanoXplore profit is to be tossed into and then privately siphoned out from.
Please forthwith get that piece of entirely odoriferous excrement off NanoXplore's balance sheet. VoltaXplore is presently representative of "a white elephant". VoltaXplore will likely never turn an net adjusted EBITDA profit and would continue to suck NanoXplore dry of any otherwise contribution toward NanoXplore actually achieveing net adjusted per share profitability some day.
If you have to, just sell VoltaXplore for a bucket of hockey pucks and a dozen water bottles. Just get rid of it and book th $20 Million + loss.
The very knowing that NanoXplore still has that merely long proposed 2GWh capacity manufacturing facility build albatross around it's neck, so to speak, is just about sickening.
Simply take all the graphene enhanced battery materials and battery cells IP and license it out to a joint venturing company partner, customer and commercialization project capital financier like Samsung SDI.
Forget the long proposed and simply never realized 2 GWh manufacturing capacity facility build.
Sheesh! Do you know how many lines of graphene enhanced battery cells production capacity Samsung SDI can dedicate to a joint venture commercialization partnership with NanoXplore.
Just name an application for such graphene enhanced and SiGTM anode additive enhanced battery cells and Samsung SDI would be all over it like white on rice.
Samsung SDI doesn't need VoltaXplore; it needs NanoXplore IP licensed to Samsung SDI. That's all. Then NanoXplore can sit back and collect "the big bucks" from Samsung SDI or any other prerequisite joint commercialization partner.