Key Points From 2017 Q1 Report: No dilution & n
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Posted On: 05/21/2017 10:11:09 AM
Key Points From 2017 Q1 Report:
No dilution & no convertible debt of any significance.
Business almost exclusively online at present.
Keeps little inventory on hand so the company has no need for its own facilities.
To keep costs down, inventory storage and shipping takes place in facilities previously owned or leased by the CEO at no charge to the company.
Net income up by 71% - $2,585 in 2017 Q1.
Net cash flow improved from -$17,559 in 2016 Q1 to +$485 in 2017 Q1.
Cash equivalents at end Q1 improved by 22% - $1,849 in 2017 Q1.
Legacy $400K net operating loss tax carryover until 2032 - no tax likely to be payable as company grows.
No dilution & no convertible debt of any significance.
Business almost exclusively online at present.
Keeps little inventory on hand so the company has no need for its own facilities.
To keep costs down, inventory storage and shipping takes place in facilities previously owned or leased by the CEO at no charge to the company.
Net income up by 71% - $2,585 in 2017 Q1.
Net cash flow improved from -$17,559 in 2016 Q1 to +$485 in 2017 Q1.
Cash equivalents at end Q1 improved by 22% - $1,849 in 2017 Q1.
Legacy $400K net operating loss tax carryover until 2032 - no tax likely to be payable as company grows.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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