With $2.3M in Net Assets, it won’t take much to turn the business from an ongoing concern to a concern ongoing/broke.
They won’t be profitable for a while given the above and with only $2.5M in the bank in December 2019 and what is happening to the business now given current climate, who knows what will happen? There is a high risk of loss.
This is one business to be wary on.
Best of Luck
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