LEAFBUYER TECHNOLOGIES, INC.
leafbuyer.comAI Executive Summary
AI-powered analysis of 10-Q filing content
Leafbuyer Technologies shows severe financial distress with negative equity of $1.5M and deteriorating operations. Revenue declined 44% year-over-year to $1.9M in six months while the company swung from $86K profit to $125K loss. The company faces significant liquidity constraints with current liabilities exceeding current assets by over $1M.
Red Flags Detected (7)
Negative stockholders' equity of $1.5M indicating technical insolvency
Revenue declined 44% from $3.3M to $1.9M in six-month period year-over-year
Current ratio of 0.49 indicating severe liquidity problems
4 more red flags detected
Key Takeaways
Company is technically insolvent with negative equity of $1.5M
Cannabis technology business facing severe revenue decline of 44% year-over-year
2 more takeaways
Filing Overview
What This Means
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.