DD here for traders. $ BIMI is a problem.
DD here for traders.
$ BIMI is a problem.
Study.
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"These conditions raise substantial doubt about the Company’s ability to continue as a going concern."
https://finance.yahoo.com/news/boqi-international-medical-inc-announces-133000521.html
Net Profit (Loss)
For the three months ended September 30, 2020, the Company reported a net loss of $1,860,573 compared to a net loss of $547,689 for the same period of 2019. For the nine months ended September 30, 2020, the Company reported a net profit of $611,090 compared to a net loss of $1,973,382 for the same period in 2019.
Liquidity and Capital Resources
On September 30, 2020, the Company had cash and cash equivalents of $11, 585,325 compared to cash and cash equivalents of $36,363 on December 31, 2019. As of September 30, 2020, the Company had negative working capital of $5,439,912 as compared to negative working capital of $500,765 on December 31, 2019.
"These conditions raise substantial doubt about the Company’s ability to continue as a going concern."