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LIQUIDITY AND PLAN OF OPERATIONS
3 Months Ended
Mar. 31, 2025
Liquidity And Plan Of Operations  
LIQUIDITY AND PLAN OF OPERATIONS

NOTE 2 - LIQUIDITY AND PLAN OF OPERATIONS

 

The Company’s ability to continue to operate is dependent mainly on its ability to successfully market and sell its products and the receipt of additional financing until profitability is achieved. In three months ended March 31,2025, the Company’s cash used in operations was $1,343,000, cash provided in investing activities of $143,000 from the cash acquired in the ENvue Merger offset by the purchase of property plant and equipment, and received net proceeds of $1,050,000 from the proceeds from issuance of short term loan payable, leaving a cash balance of $601,000 as of March 31, 2025. Because the Company does not have sufficient resources to fund our operation for the next twelve months from the date of this filing, management has substantial doubt regarding the Company’s ability to continue as a going concern. The Company will need to raise additional capital to finance its losses and negative cash flows from operations and may continue to be dependent on additional capital raising as long as our products do not reach commercial profitability.