Their operating expenses were $9.1M but their total expenses were $18.9M ("General and administrative expenses, employee benefits, etc" as well as "operating expenses").
I don't know what's going on with that spreadsheet. Customer receipts are a completely different (and more reasonable-looking) number if you look it up on SEDAR. Quite a big number, but I don't think they really made money off it either way. Some of us are old-fashioned enough to think that a wire-crimping and security-camera installation business in Serbia probably should be making a profit (given that it's hardly a 'high growth startup').
They must be underwater by now. I would expect news. I don't see how getting rid of Bane in the short term solves any of their problems. They look to be about to go under without any help, and this is without factoring in ASIC.
GSW Price at posting:
29.0¢ Sentiment: Sell Disclosure: Not Held