Small MC, seems ,but not really , now debt $2.2m, so actual MC is $5m+.
And clearly not profitable business.
Re: staff and administration costs for last 3 month=$1.7m
net loss $0.89m for the quarter
Re QR July: staff and administration costs for last 3 month=$2.4m (huge costs!)
net loss $0.49m for the quarter
Now $2.2m debt for 12% annual interest rate , needs to pay $260k interest per year, without any profits and lose $200k+ on average every month, where to get the money to pay for the interests?
So donot say it's a profitable business, misleading! on contrary, this company does need significant change, otherwise cash burning cannot last long.
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