Commentary on Financial Condition

“At September 30, 2022, we had $3.4 million in cash and cash equivalents compared to $8.2 million in cash and cash equivalents at December 31, 2021. Net cash provided by operating activities was $0.3 million in the first nine months of 2022 compared to net cash provided by operating activities of $1.5 million in the same period in 2021. The decrease in cash provided by operating activities was a result of a decrease in net income and operating assets and liabilities. To avoid any unforeseen supply chain delays, the Company purchased an increased amount of inventory components in the first nine months of 2022 compared to the prior year. Additionally, the Company agreed to advance funds to fill component gaps in Econolite's production of our Autoscope Vision cameras to avoid any future production delays.” (from November 2022 filing’s Liquidity and Capital Resources) Filed At: 2022-11-16