Huge Deficit19 Apr 2024 10:00
Nobody seems to be talking about this huge deficit of theirs. It is clearly in the rns for all to see.
NOTE 2 - GOING CONCERN
As of December 31, 2023 the Company has an accumulated deficit of $42.8 million and during the year ended December 31, 2023, the Company incurred a net comprehensive loss of $6.4 million (2022: $8 million) and negative cash flows from operating activities of $1.5 million (2022: $7.5 million). The financial statements have been prepared assuming that the Company will continue as a going concern. Under this assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future unless management intends or has no realistic alternative other than to liquidate the entity or to stop trading for at least, but not limited to, 12 months from the reporting date.
Just be careful folks. Impending war in the Middle East will weigh heavily on this share imo.