NVI.V - Novra Technologies Inc.

[Jack_Aster]

Novra Technologies Inc. Due Diligence Report

Symbol: NVI.V
Price: $0.08
Common Shares: 22,387,993
Insider/Institutional Holdings: 12,042,430(53.4% as per SEDI & Sedar)
Website:

Most recent financial results( Ending Sepetember 30th 2015)

ASSETS
Cash: $420,346
Accounts Receivable: $869,025
Notes Receivable: $133,909
Inventory: $678,283
Prepaid Expenses: $136,980
Options: $5,584
Equipment: $26,036
GIC : $200,000
Total Assets: $2,470,163

LIABILITIES
Line of Credit: $665,000
Accounts Payable: $645,185
Deferred Income: $7,996
Due to related party: $250,000
Current portion of long term debt: $98,470
Long Term Debt: $372,959
Total Liabilities: $2,039,610

**NOTE** NVI is cash flow positive, except will show a loss in the last quarter due to options expiring. These were given to NVI for a deal that was done in 2014(see MD&A below for more information).

Q3 Sales
Revenue: $662,877
Gross Profit: $262,644
Net Income: $125,338
Loss on Options: $203,316

9 Month Sales
Revenue: $2,033,326
Gross Profit: $870,992
Net Income: $423,908 or $0.02c EPS
Loss on options: $39,734

MD&A Highlights

Novra Technologies Inc. (