Post by
danjones20000 on Oct 13, 2020 10:09am
Deficit
I sourced the following from the financial statements on their website:
"For the year ended March 31, 2020, the Corporation is reporting a net loss of $3,382,873 and a cumulative deficit of $40,332,941 at the same date. The Corporation has not realized an annual profit since its inception."
What do you guys think? How could they have not realized any profit since 2000?
Comment by
hotginger on Oct 13, 2020 10:48am
Overhead is/was too high! They are not generating enough income as most of this time has been spent on R&D....my guess is that they are finally ready to make some cash...more contracts on the way and lots of them!