DSGT Global, Inc. Reports Year End 2020 Results
March 05, 2021 09:30 ET | Source: DSG Global Inc. DSG Global Inc.
SURREY, British Columbia, March 05, 2021 (GLOBE NEWSWIRE)
DSG Global, Inc. (OTCQB: DSGT) ( DSGT or the Company ) announces its financial results for Q4 and fiscal 2020.
2020 Financial Highlights:
Cash grew to $1.4 million, up from $25,494 as of December 31, 2019. The cash position increased $1.3 million during Q4 2020.
Total Assets increased to $2.1 million, up from $0.4 million at year-end 2019, primarily driven by increased cash, increased inventory and increased prepaid expenses. Total Assets grew $1.4 million during Q4 2020 when compared to Q3 2020 ending September 30, 2020.
Total Liabilities decreased from $8.7 million at the end of 2019 to $2.9 million at year end 2020. Liabilities decreased by $7.5 million in Q4 2020. The primary reason for the decrease was extinguishment of convertible and non-convertible debt during f
DSG Global Enters Negotiations for US Manufacturing and Assembly Facilities for its Electric Vehicle Products
February 04, 2021 11:41 ET | Source: DSG Global Inc. DSG Global Inc. CANADA
SURREY, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) DSG Global, Inc. (OTCQB: DSGT) ( DSGT or the Company ) is in active negotiations for multiple US manufacturing and assembly facilities for the Company’s expanding electric vehicle product line up.
“We are vigorously pursuing plans to open our first two US facilities to assemble our electric vehicles,” commented Bob Silzer, President and CEO of DSGT. “We are also working on setting up dealership partnerships across the U.S. in preparation for the launch of EV sales.”