(Total Views: 388)
Posted On: 06/22/2021 12:48:34 AM
Post# of 36564
As I think I mentioned when the last Q came out, I am very concerned with the mounting Liabilities.
Not only is this troublesome as it becomes a higher amount while assets are not growing. But when we look at raising cash through IPO, etc, the greater our Liabilities are, the more cash we will need to raise to prove Going Concern.
And these Liabilities are not some kind of accounting aberration. The vast majority of the recent increase was Accounts Payable and Accrued Expenses. That’s real stuff that needs to be be paid with cash or refinanced. And, as we all know, refinancing isn’t an option for us right now.
Gotta get the wheels turning and the revenues flowing.
Not only is this troublesome as it becomes a higher amount while assets are not growing. But when we look at raising cash through IPO, etc, the greater our Liabilities are, the more cash we will need to raise to prove Going Concern.
And these Liabilities are not some kind of accounting aberration. The vast majority of the recent increase was Accounts Payable and Accrued Expenses. That’s real stuff that needs to be be paid with cash or refinanced. And, as we all know, refinancing isn’t an option for us right now.
Gotta get the wheels turning and the revenues flowing.
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