LINGERIE FIGHTING CHAMPIONSHIPS, INC.

LFC is a non-viable micro-cap with going-concern doubt, a gross loss and a $6.4M working-capital deficiency.

Strengths

• Revenue +57% to $208K and growing social-media following
• Reduced net loss year-over-year (driven by derivative fair-value gains)

Risks

• Gross loss (-14% margin), net margin -272% and going-concern doubt
• Working-capital deficiency of $6.4M, current ratio 0.006 and $11.7M accumulated deficit
• Tiny, undiversified entertainment operation reliant on continual equity raises

Notable findings

• No interest coverageInterest coverage -0.85 (cannot cover interest)
• Going concernThese factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern
• Weak liquidityCurrent ratio 0.01 (<1)
• Net lossNet loss (net margin -272.0%)
• Cash burnNegative free cash flow (-0.3M)
• Buying back stockNet buyback — share count -96%/yr over 3y
• Revenue declineRevenue -59.5% YoY