That compared to expenses of $172,000 for consulting fees, professional fees and administrative costs.
The firm, which raised $2.5 million through a private stock sale in April 2020, ended the quarter with cash of $1.1 million.
Hometown, a publicly held firm, repeated its intention to engage in a business combination with a private entity whose business presents an opportunity for our shareholders.
Hometown said it has no particular business combination in mind and has not entered into any negotiations regarding such a combination.
The report also noted Hometown, with first-quarter sales of about $5,300, has recently ended two consulting agreements that had cost $40,000 per month.
It s just another masked Monday
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The $100 Million New Jersey-Based Hometown Deli Has Fired Its Wrestling Coach CEO
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