Hey Nick, I imagine you're asking about the company primarily due to the fact it's essentially doubled in the last month.
I think the stock has saw a huge boost because of its very successful Q1 earnings. In fact, most numbers came in well above analyst estimates.
They saw revenue increase 177%, gross profit 267% and the company actually has $3.5 million in working capital.
If you're unsure of what working capital is, it is essentially the company's current assets (something that can be turned into cash within 12 months, think inventory, actual cash, accounts receivable) minus its currents liabilities (money that is owed within 12 months, think accounts payable, short term debt etc).
Total current assets are almost 4 times liabilities. Think of this as your total expenses for the year are $12000, and you currently have $48000 in cash. You can imagine the financial flexibility you would have.
This amount of working capital, especially in a company of this size and one that is seeing rapid expansion, is actually impressive. The company has a rock solid balance sheet.
This is a pure-play stock in an industry that has a lot of potential.
However, it's important to understand that this is an OTC/CSE stock. Back in mid March this company had a market cap in the $50 million range. That's tripled now. These micro/small cap stocks come with a substantial amount of risk placed behind them.
A bad quarterly report, mismanagement of the company's financial position, or a bigger company coming in with better technology can cripple the company. These are risks that aren't as prevalent in large cap industry leaders. Typically because they've been proven to operate efficiently and have built up solid economic moats.