Brett Moyer: Well, there will be no updates until there’s a definitive agreement with a partner, Jared. That’s just the way the process works. We’re engaged and we have ongoing conversations. There’s a back-and-forth going around and around that is — occurs every week. But we can’t update on hypotheticals. We couldn’t update on impossibles, right?
Unidentified Analyst: So what you’re saying is that process is still ongoing, it’s not ended?
Brett Moyer: No, it has not. We — look, we believe that product road map we showed at CES is a very compelling technical achievement by the best Wi-Fi team — Wi-Fi audio team in the industry, right? We believe that it positions us to go into substantially larger markets. And as I’ve said last year, that was our goal, that’s what we achieved. That’s what we’re doing.
Unidentified Analyst: And Brett, I believe in all the products you make. That’s the reason why I invested in your company. The problem I’m seeing is that you guys make great products, but nobody seems to want to buy them. And I want to know the reason why they’re not being purchased because your revenue continues to go down and the cash burn continues to go up. And I understand your cash burn goes up because your R&D cost, I get that. But the revenue just continuously goes down, and it continues to go down. One of these times, you have to look at it and say, what are we — are we going in the right direction? I think you are, but I don’t like the continued dilution that you keep doing, where basically — you’re using shareholders to basically finance that company. When revenues got to kick in and start doing that.
Brett Moyer: I don’t disagree, Jared, that revenues got to kick in. We’ve addressed that. There is — we expect to get revenue growth off of 3 new sets of products coming out this year. We had revenue growth of 180% in 2021. Last year was a bad year across the consumer electronics industry, was a bad year for shareholders across many, many companies. Was a bad year for the employees who have worked really hard to get to this great presentation of functioning technology at CES. So I think…
Unidentified Analyst: All right. But when I say that — I appreciate everything everybody is done. What I’m trying to say is the results — like I said, I’ve invested in this company, and I am basically — it’s basically worthless now. It’s worth nothing to me. So I’m really concerned that I put my hard-earned money into this, and it’s basically not worth anything anymore. And I still see the direction of you guys using dilution and dilution and dilution. When I’m a shareholder and you guys should be trying to protect the share price and you’re not doing that. I guess my last question to you is please explain to me and I wanted you to explain all the retail investors out there, why did you do a reverse split when you had the opportunity to get an extension for 180 days and didn’t even look at that avenue?
Brett Moyer: Well, let’s correct your statement, right, you do not know what we looked at or did not look at, right? So we’re pretty thorough in what we look at, and that was the assessment of the Board, and that’s what we did, right? We are at $0.10, Jared.
Unidentified Analyst: What do you mean $0.10?
Brett Moyer: Minimum bid on NASDAQ is $1, right? So we had to address it. It’s that simple. We did not want to risk getting delisted. So we did address it.
