MADE IN USA INC.

Micro-cap media/services company with net losses and cash burn.

Strengths

• Adequate liquidity — current ratio 2.0 (63rd)

Risks

• Net losses — net margin -80%, ROE -32%
• Negative operating cash flow — OCF margin -94%
• Micro-cap scale/going-concern risk — per 10-K

Notable findings

• Going concernAccordingly, there is substantial doubt about the Company’s ability to continue as a going concern
• Net lossNet loss (net margin -79.9%)
• Chronic dilutionShare count +3559%/yr over 2y (dilution, book value/share -100%)
• Revenue declineRevenue -19.9% YoY