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The company invested in the main assets of the company such as machinery and inventory items which were partly purchased within this period as well as the patent for the production technique to produce Chemalites.
The Company hasn't gone into production within the first half, and accordingly, hasn't earned any revenues which lead to a misleading negative outlook on our cash status. However, please note that the above mentioned incorporation and preoperational expenses should be considered as investments to our business. Thus, the $145.000 decrease recorded in the first six months shouldn't be considered as losses...
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