Quelle #525
As of June 30, 2024, we had a working capital surplus of $42,386,683, compared to a working capital surplus of $47,689,381 as of June 30, 2023. This decrease in working capital surplus of $5,302,698 was primarily due to a decrease in marketable securities redeemed, and the change in fair value of a short-term investment.
Cash flow used in operating activities was $1,842,726 for the year ended June 30 2024, compared to $4,262,085 for the year ended June 30, 2023. The decrease of $2,419,359 in cash used by operating activities was primarily due to an increase in non-cash expense offset by a decrease in net loss. The Company has had no revenues during the years ended June 30, 2024 and 2023.
Cash provided by investing activities for the year ended June 30, 2024 was $2,920,237, compared to $11,101,386 for the year ended June 30, 2023. The decrease of $8,181,149 in cash provided by investing activities was primarily due to a decrease in the net redemption of marketable securities offset by a decrease in the purchase of related party investments, the purchase of a related party convertible note, and an increase in the redemption of short-term investments in corporate securities.
Cash provided by financing activities during the year ended June 30, 2024 was $781,295, compared to $2,665,203 for the year ended June 30, 2023. The decrease in cash provided by financing activities was primarily due to a decrease in net proceeds from purchase agreements.
Das über die letzten 14 Jahre per Aktienverkauf eingenommene Cash reicht noch für ca. 6-8 Jahre. Für den Aufbau einer eigenen Produktion wird es in ca. 3-4 Jahren eng. Man kann sich später aber auch in Abhängigkeiten begeben und auf die $2,5/kg verzichten, mit denen man seit Jahren Werbung macht. Dann kann Tim Young aber trotzdem beruhigt in Rente gehen...Dank Disclaimer und Safe Harbour Statements. NmM.
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