Business plan is designed to keep costs low, and margins high. Just as they PRed, I expect the largest revenue gains to come in Q3 and Q4. Check out this post from iHub.
Posted by: airdale1 Date: Tuesday, September 09, 2008 12:58:29 PM
In reply to: None Post # of 7679
Some notables from the 2nd quarter 10Q, this is a healthy company. They have income and are controlling expenses well. We are a far stronger firm this quarter due to the following:
Good and very good-
-A/R Reduced from $1,102,030 to $705,073, almost 400k. Very nice to see them controlling their A/R account
-Prepaid Expenses up from $20,696 to $135K. Shows cashflow is strong
-A/P big drop of over half a million dollars
-Income taxes payable down $11,000
-Notes payable to related parties of $156k is now gone
-Available cash is up to $50k, a nice situation
The biggest negative is the long term debt.
Long term debt went up $348k. Probably based on the payback of the Notes payable to related party and a transfer of some accrued expenses to long term.
Even with the rise in long term debt, the total liabilities dropped $550K, almost 38%, very impressive.
siliconinvestor.com
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