dynaCERT Inc T.DYA

Did anyone notice?

[WealthBuilder99]

Another item of interest in the audited financial statements. On sales of $175,000 in the quarter ended December 31, the cost of goods sold was $1,840,000. Cost of goods sold skyrocketed this year. This means they lost $10 for every $1 in sales they made. This is before their operating expenses of $3,500,000 on average per quarter for the year before other losses.

In the Management Discussion "During the year ended December 31, 2021, cost of goods sold increased by $1,774,765 as the Company determined that current years wages were directly related to the production of HG products by specific employees."

[DANTEandDynaDUD]

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[WealthBuilder99]

Dante, I think you missed the note that the increase in cost of goods sold was largely related to salary associated with the production of HG1's. By those numbers they are paying about $100,000 in salary for every $10k worth of product they sell for this quarter. That's before their wages and benefits of $1.1 million + share based compensation.

[SIMPLICITI1]

The MD&A is where management gets the opportunity to BS their way though he dismal results.  Don't believe a word of it.