Small Cap Voice

KULR's Q1 revenue increased by 439% year-over-year as we continue to make significant investments in all areas of our business to sustain and expand in 2021 and beyond. We are pleased to announce the Company recently raised $6.5 million in capital on May 20, 2021. Our belief is that this investment validates the value our new investors see in KULR's ability to commercialize within additional e-mobility markets. This funding is expected to significantly strengthen the Company's balance sheet and further advance KULR's up listing process to a senior U.S. exchange.

KULR's business model continues to evolve as the Company focuses on near-term commercialization opportunities for its technology in the energy storage, electrical transportation, and battery transportation markets. We recently announced our first new smart battery product for the commercial drone market. This is the opening step of KULR's overall strategy to target adjacent markets complimentary to our established battery safety and thermal management products to expand into additional e-mobility markets in 2021. Additionally, we have targeted using our carbon fiber technology inside battery cells to make lighter and safer batteries with fast charge capability.

First Quarter 2021 and Recent Operational Highlights

In April 2021, KULR announced the June 2021 launch of a new product line of high-capacity lithium battery packs targeting the $127 billion commercial drone market, according to PricewaterhouseCoopers. The Company recently secured a global commercial drone manufacturer as a customer and expects to secure additional customers in the second half of 2021.

In March 2021, Keith Cochran joined KULR as President and COO. Mr. Cochran was previously SVP of Global Business Unit at Jabil where he was responsible for the $3.7B smartphone business and managing over 65,000 employees in US and Asia. Keith brings over 25 years of experience in business operations, supply chain management and large-scale manufacturing automations.

KULR became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of Andretti Autosport, founded by Michael Andretti. As part of the alliance, KULR will establish a thermal management testing and design platform for high performance battery solutions with the highest safety ratings specially adapted to the rigorous technical requirements of Andretti's global racing enterprise. Both partners will also focus on co-developing and co-marketing motorsports' battery and safety technologies to automotive partners for mass market EV applications.

KULR strengthened its Board by the appointments of Joanna D. Massey and Morio Kurosaki as directors, contingent upon the Company's common stock being approved for up listing to a senior national exchange and expect their involvement to strengthen our corporate governance and strategic direction.

In April 2021, KULR announced former Jabil Operations Manager, Antonio Martinez, as new Vice President of Operations. Mr. Martinez will be responsible for managing day-to-day operations of the Company's manufacturing department as well as supporting strategic growth goals. Mr. Martinez joins KULR with over 37 years of leadership and worldwide manufacturing experience in Electronics Manufacturing and Operations.

KULR announced it was expanding its manufacturing presence to a new, larger facility in San Diego, CA to accommodate continued business growth.

Financial Results: First Quarter 2021 vs. First Quarter 2020

Revenues: KULR generated revenues of $417,905 in the first quarter ended March 31, 2021, an increase of 439% compared with revenues of $77,500 reported in the same period of 2020. The increase in revenue was mainly due to new orders received for products and engineering services for military and aerospace customers. The Company continues to build its relationships with a wide range of energy, transport and aerospace partners and actively served 13 customers in the quarter ending March 31, 2021.

These results reflect management's commitment to build new customer relationships through a growing pool of referrals and business development leads.

Selling, General and Administrative (SG&A) Expenses: Our SG&A expenses increased to $1,492,811 in the first quarter of 2021 from $465,410 in the corresponding period last year. The 220% increase in SG&A expenses was due to additional marketing and advertising expenses, consulting fees and non-cash stock-based compensation paid to employees and consultants.

R&D expenses: We increased our R&D expenses in the first quarter of 2021 by 10% to $122,983 from $111,713 in the same period last year, reflecting a combination of headcount and process improvements implemented in the first quarter of 2021.

Operating Loss: Our loss from operations was $1,473,157 for the first quarter of 2021, compared to $529,666 for the comparable quarter of 2020. Higher selling, general and administrative costs offset higher sales.

Net Loss: Net loss for the first quarter of 2021 increased to $1,714,723 or a loss of $0.02 per share, compared with a net loss of $550,253, or a loss of $0.01 per share for the comparable period in 2020.

Cash Position: On March 31, 2021, we reported cash balances of $6,166,755 on March 31, 2021, compared with $8,880,140 on December 31, 2020. Subsequently, on May 20, 2021 we raised an additional $6.5 million in a preferred convertible financing agreement. This funding leaves us well positioned to expand operations, support new business, and fund ongoing product development despite the difficult Covid inspired trading conditions experienced through the latest quarter.

Tego Cyber Inc. Discusses its Solution to Mounting Cybersecurity Threats in Audio Interview with SmallCapVoice.com

AUSTIN, Texas (June 1, 2021) -- SmallCapVoice.com (“SCV”) announces the availability of a new interview with Shannon Wilkinson, co-founder and CEO of Tego Cyber Inc. (OTCQB: TGCB), to discuss how the Company’s cyber threat intelligence application captures exponential growth opportunity within the $170 billion global cyber security market.

Tego’s innovative intelligence platform reduces risk, prevents cyber-attacks, and protects intellectual property and data. Given the heightened frequency and severity of security breaches in recent years, Tego addresses a market hungry for proactive solutions that stay ahead of criminal attacks.

Speaking with SCV’s Stuart Smith, Wilkinson described the tactical history of Tego and how its corporate structure enables the Company to advance its platform and deliver scalable solutions.

“We’re really filling the gap and ending some of the frustrations that are out there for cyber intelligence,” she stated. “We purpose-built the company to go public from the very get-go in order to help fund research and development of our platform through getting friends and family involved in the company.”

According to Accenture, the average cost of a malware attack on a company is $2.6 million. Dismal to this statistic is that it typically takes organizations 206 days to realize they’re even under attack. In the interview, Wilkinson offered a deeper dive into the magnitude of cybercrime in modern business.

“It’s staggering, and of course through the pandemic we’ve seen an exponential rise in cybercrime,” she stated, referring to a report that cybercrime has increased 300% since the start of the COVID pandemic.

For Tego, this creates a wealth of opportunity in the emerging cyber threat intelligence market, which is growing at twice the rate of the overall cybersecurity market, Wilkinson noted.

The Tego Threat Intelligence Platform (TTIP) collects disparate, vetted threat data from different sources and utilizes a proprietary process to compile, analyze and deliver data to an enterprise in a timely, informative and relevant manner. The first version of the platform will integrate with the widely accepted SPLUNK platform while future versions will incorporate with other established SIEM systems and platforms such as Elastic, IBM QRadar, AT&T Cybersecurity, Exabeam and LogRhythm.

What makes the TTIP especially unique is that it provides specific details – the who, what, when and where - to quickly identify and enable appropriate action against the threat.

“We take the very important step of adding context and adding additional information that security operations teams need,” said Wilkinson. “That’s something that’s missing from a lot of threat intelligence platforms, is that context, the information that the special operations teams need when an incident occurs.”

The CEO then explained how Tego integrates into an enterprise’s existing platform to increase efficiency and the return-on-investment of the cybersecurity tools the enterprise currently uses, and then discussed the Company’s scalability and experience of the main drivers of its leadership team.

“Technology within a company is great, but without a good management team behind it, the company will struggle,” she said. “That’s one of the reasons why at Tego we decided that we needed to have a strong management team with a good network and a lot of experience in the industry.”

The interview also highlighted Tego’s accelerated path toward revenue and profitability – with licensing tagged at $75,000 per license per year – as well as its ability to build a sustainable and scalable business model.

“One of the nice things is that we’re not having to go out and create a customer base, but we’re building on top of existing customer bases,” Wilkinson told Smith. “That makes our sales and marketing strategy a little bit easier than going out and custom building a customer base from scratch.”

Wilkinson concluded the interview by explaining how Tego, as a cloud-based Software-as-a-Service (Saas) provider, enjoys high gross profit margins. The Company also boasts a low share count held by friendly investors; a highly efficient management team; and an enviable position as a prime acquisition target for cybersecurity and technology companies.

Nightfood, Inc. (OTCQB: NGTF), the better-for-you snack company targeting the $50 billion Americans spend annually on nighttime snacks, today announced its results of operations for its fiscal third quarter ended March 31, 2021. The Company will also be hosting an investor conference call on Wednesday, May 26, 2021 at 4:30 PM Eastern Time to discuss business updates and the quarter’s financial results.

Fiscal third-quarter 2021 recent developments and financial results include:

Recent Business Highlights:

Subsequent to the end of the third quarter, Nightfood ice cream was delivered to Walmart and introduced on-shelf in over 1,000 Walmart locations from coast to coast.

Management successfully initiated a retail pilot test of Nightfood sleep-friendly ice cream in the lobby grab-and-go shops of a global hotel group. A successful test is expected to result in national distribution in thousands of hotels across the country, across their portfolio of hotel brands.

The Company introduced its bold new packaging design into the hotel test locations and into their major retail partners, including Walmart.

Ice cream industry veteran and CPA Jerry Isaacson was appointed as Chief Financial Officer, significantly strengthening management with expertise in ice cream logistics, manufacturing, and procurement.

The brand, which is recommended as the Official Ice Cream of the American Pregnancy Association, launched an education and awareness program with Brandshare to reach expecting moms through OBGYN offices around the country, helping establish Nightfood as the preferred ice cream of pregnant women and their families.

Management strengthened the corporate balance sheet through a $4.5 million financing round which closed in April, 2021. As a result of the timing, this transaction is not represented in the quarterly financials through March 31 but is noted in the Subsequent Events section. Since January 1, 2021, the Company has:

added over $1,400,000 in cash to the balance sheet

eliminated, through repayment and negotiation, approximately $4,000,000 in outstanding notes and payables.

secured operating capital to pursue major corporate initiatives throughout 2021.

MedX Holdings Inc. Discusses its Plans to Build Unique Cannabis Lounges in Audio Interview with SmallCapVoice.com

AUSTIN, Texas (May 25, 2021) -- SmallCapVoice.com (“SCV”) announces the availability of a new interview with Hans Enriquez, CEO of MedX Holdings, Inc. (OTC Pink: MEDH), to discuss the Company’s plans to disrupt the cannabis scene with an Amsterdam-style approach.

MedX is a brands and acquisition company focusing its business model on cannabis as a commodity. Headquartered in Austin, Texas, the Company keeps a close eye on the marketing, development, execution and performance of cannabis operations in Colorado and Oklahoma. Through this observation, MedX sees considerable opportunity to build on the foundation laid by other businesses to introduce an immersive experience for cannabis consumers.

Speaking with SCV’s Stuart Smith, Enriquez described his travels to Colorado and how the Company has engineered its strategy to deliver its social cannabis concept to existing markets in need of improvement. MedX plans to introduce its Amsterdam-style café concept in Colorado, where it will combine a recreational store or dispensary with a coffee shop to create a fully operational cannabis café/social consumption lounge.

“I have to applaud them with an A for effort, for being the pioneer and trying to figure out how to make a profitable model out there,” Enriquez stated, referring to the businesses he visited in Colorado. “Unfortunately, I feel that they failed in execution. I definitely applaud them for being trailblazers, but we want to go in there and show how the biz model can work by putting cannabis and coffee and the social consumption lounge all under one roof.”

Enriquez directed listeners of the interview to www.CannabisCafeFranchise.com and www.CannabisLoungeFranchise.com to see the marketing concept for its cannabis café franchise. He noted that the appeal of its Amsterdam-style approach is the consumer experience in gathering to enjoy quality cannabis, coffee and socialization in a welcoming space.

“We’re focusing on experience and that experience starts from when you get out of the car, you approach the store the café the lounge, and how you are welcomed in the lounge,” he told Smith. “No matter whether it be fully recreational or medical, you can purchase your cannabis anywhere in the U.S. and still not have anywhere legally to go to publicly consume, to go, sit down, smoke a joint and get to work on your laptop or have a coffee or conversate with somebody and be in a well-lit, clean atmosphere.”

While Colorado will be the initial location for its first lounge or café, the Company is aggressively building its strategy to enter Oklahoma, the biggest medical marijuana market in the country on a per capita basis.

On his visit to Oklahoma to evaluate potential partners and medical marijuana dispensaries, Enriquez recognized opportunity for MedX’s business model. The state is home to 70 casinos, nearly 2,000 dispensaries and almost 6,000 grow operations. Last year, medical marijuana sales in Oklahoma doubled vs the prior year to more than $831 million. MedX’s vision is to take advantage of consumer demand and the state’s flourishing cannabis market by teaming up with casinos and/or dispensaries to build its lounges and offer consumers a new experience.

“I think Oklahoma is doing something awesome,” he said in the interview, noting how the state’s program allows out of state patients or customers to obtain one-day or one-month passes to visit the dispensaries. “It’s a very low-cost barrier to entry, which I think is very good for competition, which gives minorities and entrepreneurs the ability to get involved in the market.”

MedX also has its eye on Texas, where Enriquez has met with potential partners for a profit and/or crop-sharing agreement for different strains of cannabis.

“We’re still searching for our premium industrial strain and we feel that that strain will be very hardy, climate resistant to the Texas environment,” he said. “We’re doing a lot of things there, as far as on the farm and … seeing how we can apply some of what they’re doing out in Oklahoma here in Texas.”

In addition to his tri-state plans, Enriquez is CEO of branding company Dazed Inc. His plan is to leverage the synergy between MedX and Dazed and bring them together – be it merger, acquisition or subsidiary - for the café franchise. Concluding the interview, Enriquez noted the challenges of executing this strategy and urged shareholders to allow the process to unfold.

“We want to do this right the first time,” he said. “If we cut any corners or try to take any loop holes, it’s going to be not only costly to the company but costly to the shareholders. … Of course, it can never happen fast enough. Me personally, I can get impatient myself and I want it to happen faster. But I’m also trusting the process. Patience will pay off in multiples.”

USA Equities Corp. (OTCQB: USAQ) Discusses its Digital Medicine as the Future of Healthcare in Audio Interview with SmallCapVoice.com

AUSTIN, Texas (May 20, 2021) -- SmallCapVoice.com (“SCV”) announces the availability of a new interview with Troy Grogan, CEO of USA Equities Corp. (OTCQB: USAQ), to discuss the Company’s digital medicine and virtual care platform designed to make healthcare encounters more efficient, cost-effective and comfortable for both the physician and patient.

Speaking with SCV’s Stuart Smith, Grogan outlined the five focal points that drive USAQ’s business model and growth trajectory. This structure generates recurring revenue for both USAQ and its physician clients, while the Company’s remote-patient monitoring technology meets greater demand for virtual care in post-pandemic healthcare.

“Only 15 or so months ago we wouldn’t have thought virtual care technologies and digital medicine would come to the forefront … but they are here and they’re here to stay,” Grogan explained. “A lot of patients have really felt the benefit of not having to go into a doctor’s office and sit in a waiting room to get good, quality care. We’re a part of that new eco-system.”

Healthcare providers also benefit from efficient digital care. USAQ’s target market is a growing field of solo, independent practices looking for ways to generate revenue and become more efficient with their services. The Company’s reimbursable Software-as-a-Service (Saas) technology enables these small businesses to achieve recurring revenue at high gross margins while addressing the preventative care of multiple chronic conditions, said Grogan.

As a public company, USAQ has the obvious advantage of access to capital markets, but it’s the individual healthcare professional and retail investor that the Company seeks to obtain as key stakeholders.

“Instead of going to [venture capitalists] and institutional investors, we’ve gone to our clients and let them have an opportunity to invest in the future of medicine and join us alongside in the future upside that we have,” Grogan stated. “We’re a publicly traded company as opposed to being privately held to give retail investors to have a piece of the future of medicine.”

Grogan’s diverse experience in healthcare in the U.S. and abroad has given him a well-rounded perspective of the healthcare industry. This insight is the foundation of the tactical manner used to assemble the Company’s management and advisory board.

“Along this journey of 10 years I’ve built a very solid team around me of medical educators, doctors, business development experts in network development for physicians and growing physician networks,” he said. “As an early-stage company you can’t just gain authority and credibility overnight. Often you have to bring a team around you that brings credibility to the forefront.”

In 2020, USAQ leveraged this expertise to launch two apps and present at the University of Miami Allergy Diagnostics and Allergen Immunotherapy Virtual CME Event, a continuing education course for over 100 doctors to demonstrate that the future of medicine is headed toward physician-directed digital medicine and preventative health technologies that streamline the care process.

Next month, USAQ will participate in a second workshop at the University of Miami’s Miller School of Medicine to further educate medical practitioners on the Company’s solutions and to continue to build its client base.

“This is a key point,” said Grogan. “This is the type of doctor that we’re getting as a client. They’re behavior is that they want to be educated in these new areas, they want to do things that are slightly out of the scope of their practice but want to make sure they have the right credentials to do it, and they’re looking to make more revenue.”

Moving into the second half of 2021, Grogan said the Company will add more products to its customer base, more efficiently amortizing its sales and marketing. He concluded the interview with a recap in USAQ’s recent financial performance and its ability to double revenues sequentially from one quarter to the next.

Eco Innovation Highlights Key Growth Initiatives in Audio Interview with SmallCapVoice.com

AUSTIN, Texas (May 18, 2021) -- SmallCapVoice.com (“SCV”) announces the availability of a new interview with management at Eco Innovation Group Inc. (OTC: ECOX) ("ECOX" or the "Company"), an innovative company aggregating investments in new technologies that promote environmental and social well-being and the advancement of green energy solutions. Eco Innovation CEO Julia Otey-Raudes is joined by advisor Patrick Laurie to review the Company’s pipeline of technology and market expansion strategy.

Eco Innovation works with inventors to help drive innovation through the full lifecycle of a technology. The Company utilizes a nine-step process to identify and advance the technology assets in its portfolio to disrupt established markets and optimize eco-innovation.

Speaking with SCV’s Stuart Smith, Otey-Raudes first provided an update on Eco Innovation’s uplisting process and touted Canada as the strategic location for the Company’s soon-to-launch wholly owned subsidiary, EcoIG Canada.

Established as the exclusive distribution arm for Eco Innovation’s technology, EcoIG will also be privy to the research, development and manufacturing of technology as it applies specifically to the Canadian market, added Patrick.

As interim CEO of the new subsidiary, Patrick will head EcoIG Canada’s operations, taking advantage of the country’s eco-friendly government grant and incentive programs and leveraging his expertise in corporate strategies, project implementation, business development and green energy diversity.

“With my path and previous history of managing large-scale projects and looking after manufacturing over several years, it will give us the ability to manage all facets of building the company, evolving, and then controlling all of our costs and efficiencies, which will streamline our full process, build our structure. Then, we can evolve from there,” he stated.

Patrick will also provide critical support to advance Eco Innovation’s leading projects - the PoolCooled™ energy consumption technology and the supercritical extraction device for the cannabis industry – which Otey-Raudes said she expects to bring to market in the near future.

“I am moving in a pace that a lot of people may think should be going much faster, but when you’re dealing with new technologies and inventors and making sure that the technologies are patented, it takes time to get there,” she explained. “We intend to bring on other inventors once we hit certain phases with the technologies we have on the table.”

Otey-Raudes concluded the interview by describing Eco Innovation’s collaboration with Marijuana Company of America (OTC; MCOA), a share exchange agreement under which the companies can identify and accelerate the development and global distribution of new varieties of hemp-based products and continue its expansion.

SmallCapVoice.com (“SCV”) announces the availability of a new interview with Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”), an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the onshore Gulf Coast and Mid-Continent regions, to discuss the Company’s achievements to date from inception, an overview of the Company’s portfolio of assets and the goals for the company here in 2021.

Key Financial Highlights for 2020 (all figures are approximate):

Revenues grew year over year to $40.27 million, as compared to $34.59 million in 2019.

Total Cash balance was $7.84 million, as compared to $5.64 million at December 31, 2019. Of the Dec. 31, 2020 cash balance, $3.86 million represented restricted cash within the Company’s Ichor and Elysium divisions pursuant to the terms of applicable credit agreements, as compared to $3.88 million in restricted cash within the Company’s Ichor division at December 31, 2019.

Net Loss was ($63.99 million) as compared to a net loss of ($19.39) million for 2019, the majority of which was attributable to non-cash items, including:

Impairment of Oil & Gas Properties due to the drop in oil prices experienced in 2020 caused by, among other things, the COVID-19 pandemic and certain geo-political factors ($37.5 million)

Amortization of Debt Discount ($7.32 million);

Value of Stock-based compensation ($5.63 million);

Depreciation, Depletion and Amortization ($13.51 million); and

Accretion – Asset Retirement Obligations ($1.11 million)

Loss on debt settlement ($0.93 million)

The Company stockholders’ deficit was $16.3 million due primarily to the $37.5 million non-cash impairment charge mentioned above; however on or about January 8, 2021 the equity position of the Company was improved by the extinguishment of $18.9 million of Long-Term Debt and accrued expenses through the issuance of common stock.

Adjusted EBITDA was $16.23 million (as described below) as compared to $17.16 million for 2019.

AUSTIN, Texas (April XX, 2021) -- SmallCapVoice.com (“SCV”) announces the availability of a new interview with Bill Williams, M.D., president CEO of BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW) (TSX-V: BCT) (“the Company”), to discuss the Company’s targeted immunotherapies for breast cancer and its unique position as a clinical-stage biotech with proof-of-concept data for its lead asset.

BriaCell develops novel therapies for the safe and targeted management of cancer. Speaking with SCV’s Stuart Smith, Dr. Williams discusses BriaCell’s drug pipeline, highlighting lead candidate Bria-IMT for advanced breast cancer.

As the second-leading cause of cancer in women, breast cancer kills 43,000 women in the U.S. each year. With Bria-IMT, BriaCell sees the potential to change these statistics; Bria-IMT has achieved positive proof-of-concept (POC) in three clinical trials, where it improved the survival rate of women with advanced-stage breast cancer by over a year.

While the positive data was an obvious win for BriaCell in 2020, the year also delivered challenges. Dr. Williams describes how he and the Company’s board of directors and advisors were able to lead BriaCell through the hardships of the COVID pandemic.

“We had a very difficult year in 2020, but because of our perseverance and our belief in our technology and the exciting clinical results we’ve obtained, as well as our very deep and diversified pipeline, we decided to hang in there,” he says. “Now we’re getting the trains running again. We’re very excited that we’re in a position to really make a major contribution in the area of breast cancer and all cancers in general.”

AUSTIN, Texas (April 20th, 2021) -- SmallCapVoice.com (“SCV”) today announced the availability of a new interview with Jesus Quintero, CEO of Marijuana Company of America Inc. ("MCOA" or the "Company") (OTC: MCOA), an innovative hemp corporation. Quintero answers shareholder questions that were submitted on the MCOA social media sites.

Topics covered on the call included how will MCOA profit from efforts led by OTC:CBGL and OTC:ECOX, several topics related to the MCOA shares and share price, where MCOA is at regarding a potential up-list to higher exchange, what are plans for getting products into new states/countries as legalization continues to grow, and much more.

While answering investor questions, Quintero tells Smith, “Our 2020 sale’s revenue was impacted by the global pandemic, but in 2021 we have shifted to our new eCommerce platform. This transition involved the rebranding of our products, utilizing our social media platforms to reach new markets, as well as introducing some new intangibles that are not being used by any of our competitors.”

Regarding the work being done with ECOX and CBGL, Quintero says, “From the shareholder perspective you have to look beyond just the share exchange. In reality there is so much more to these relationships. CBGL has several high-tech products, formulated beverages and innovations that MCOA can leverage and assist with. In terms of ECOX, they are a strong partner working with inventors and new inventions like their work with specialized supercritical extraction technology. We are three very impactful businesses that are made that much stronger by the work we will do together.”