ReelTime Reports $1,129,025 Debt Extinction with Zero Dilution, $2,094,981 Net Income Increase and an Operating Expense Decrease of $600,648 due to Reduction of Stock Based Compensation fo...
REELTIME RENTALS INC (RLTR)
NASDAQ:AMEX Investor Relations:
reeltime.com/?page_id=170
Company Research
Source: Yahoo! Finance
The improvement in the Company's financial condition reported are all for the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 respectively and is attributable to the following as well as additional factors disclosed in the financials. The complete financials as posted can be viewed at https://www.otcmarkets.com/otcapi/company/financial-report/397734/content During this period ReelTime issued a total of zero shares and a total of zero shares were converted from restricted to free trading. The increase in net income of $2,094,981 resulted from net income of $1,485,743 compared to a net loss of $609,238 and includes debt extinguishments of $1,857,524. The operating expense decrease of $600,648 was primarily attributable to an approximate $113,000 decrease in professional fees for our Company CEO and approximately $441,000 decrease in stock-based compensation from the cancellation of two contracts during January 2023. ReelTime CEO Barry Hent
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