Friday, September 25, 2020

Indian Startups to Get Free Promotion from Nexus and Digit

A tie-up has been announced between Nexus Startup Hub, a collaboration between the U.S. Embassy, New Delhi and ACIR, and Digit, India's most popular...
More

    Latest Posts

    Indian Startups to Get Free Promotion from Nexus and Digit

    A tie-up has been announced between Nexus Startup Hub, a collaboration between the U.S. Embassy, New Delhi and ACIR, and Digit, 's most popular...

    Startup Focuz Secures $2 Million Investment

    A video conferencing platform named Fokuz has been developed by Kochi-based Skyislimit Technologies. Fokuz is an innovative, customisable and flexible video conferencing app. It...

    Covid-19 Becomes a Blessing in Disguise for Startups in the Education Sector

    The current emergency because of the pandemic appears to have shown numerous exercises to mankind. With everything seems to be getting influenced by the...

    Noida-based Health and Fitness Startup Reaches 20 Million Product Sales in Four Years

    More and more people are getting conscious about , they are paying more attention to natural ways to obtain the goal. Hence...

    HOUSTON, June 21, 2019 – (NYSE American: ) recently declared that net income for the fourth quarter of 2018 was $64.665K contrast to a net loss of $282.663K for the fourth quarter of 2017.  For the twelve months ended December 31, 2018, net loss was $251.336K contrast to a net loss of $2.037M for the twelve months ended December 31, 2017.

    Oil and gas revenues were up 256% for the year, to $2.243M for 2018 as contrast to $630.392K in 2017.  The increase in revenues was attributable to production from the Company’s Reeves County, TX wells which came on line late in 2017. The Company’s commitment to lower operating costs and stringent financial controls had a positive impact during the year with general and administrative costs decreasing 33% to $1.422M in 2018 from $2.128M in 2017.

    Other financial metrics improved in 2018, highlighted by:

    • Cash flow from operating activities of $360.792K for the year ended December 31, 2018 vs. cash used in operating activities of $1.716M for the year ended December 31, 2017
    • Proved reserve PV10 valuation of $7.714M at December 31, 2018 vs. $6.848M at December 31, 2017
    • Cash on hand of $755.702K at December 31, 2018 vs. $392.062K at December 31, 2017
    • A current ratio of 15:1 at December 31, 2018 vs. 5:1 at December 31, 2017
    • Total liabilities of $145.478K at December 31, 2018 vs. $236.560K at December 31, 2017; and no long-term debt.

    Latest Posts

    Indian Startups to Get Free Promotion from Nexus and Digit

    A tie-up has been announced between Nexus Startup Hub, a collaboration between the U.S. Embassy, New Delhi and ACIR, and Digit, India's most popular...

    Startup Focuz Secures $2 Million Investment

    A video conferencing platform named Fokuz has been developed by Kochi-based Skyislimit Technologies. Fokuz is an innovative, customisable and flexible video conferencing app. It...

    Covid-19 Becomes a Blessing in Disguise for Startups in the Education Sector

    The current emergency because of the pandemic appears to have shown numerous exercises to mankind. With everything seems to be getting influenced by the...

    Noida-based Health and Fitness Startup Reaches 20 Million Product Sales in Four Years

    More and more people are getting conscious about health and fitness, they are paying more attention to natural ways to obtain the goal. Hence...

    Don't Miss

    To Help Save The Jobs Affected By Automation Twitter CEO Jack Dorsey Pledges $5 Million to Andrew Yang’s Humanity Forward

    In an effort to support he former presidential candidate Andrew Yang’s universal basic income and COVID-19 relief efforts, witter and Square CEO Jack Dorsey donates 5 million dollars to the Humanity Forward nonprofit organization, reports The Verge.

    Crypto Payments in the Real World: Can You Pay for Coffee With Bitcoin

    For many years, Bitcoin and, by extension, the rest of the cryptocurrency market has been viewed as a form of investment rather than a viable alternative to conventional forms of money. In 2020, however, it appears as if the tide is finally turning, with major brands such as JPMorgan Chase and Starbucks now pledging support for the asset class. 

    Women in Leadership: Vietnam Sees More Women in Leadership Positions

    According to the latest Grant Thornton’s International Business Report, the percentage of women in senior management going up at a remarkable rate in Vietnam, becoming Number One country in the world in terms of gender parity initiatives at senior levels in business establishments.

    Tiny Robots To Teach Children, Educational Company Launches mTiny Robot

    Tiny Robots To Teach Children, Educational Company Launches mTiny Robot   The global provider of educational solutions STEAM Makeblock today launches its new product. It is...

    Laced captivates the European sneaker resale market with unrivalled speed and a confidence earned from their immediate success

    With an industry reported to be valued at $6 Billion by 2025, and a loyal and knowledgeable customer base spanning multiple continents, the Sneaker resale market is a sexy proposition for investors.

    Stay in touch

    To be updated with all the latest news, offers and special announcements.