Free Flow, Inc.
Climate Impact & Sustainability Data (2019 or 2019-12-31 to 2020-06-30)
Reporting Period: 2019 or 2019-12-31 to 2020-06-30
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Increase inventory to MSRP cruising level of $5,000,000
- Build a new 10-20,000 square foot building for auto parts operations
- Complete scrap metal processing expansion within 12 months
- Secure financing for scrap metal processing project
- Start auto leasing business with a 50-car fleet
Environmental Challenges
- Limited operating history
- Historically incurred losses
- Lack of long revenue history
- Lack of long-term capital
- Limited operational budget
- Inability to raise sufficient capital for acquisitions and product development
- Potential for future share issuance diluting stockholder ownership
- Majority shareholder control
- Dependence on limited management
- Potential conflicts of interest among officers and directors
- Dependence on outside advisors
- Indemnification of officers and directors
- Thinly traded stock
- Regulation of penny stocks
- No foreseeable dividends
- COVID-19 pandemic impact
Mitigation Strategies
- Developing formally documented accounting policies and procedures
- Seeking loans or equity placements to cover capital expenditure needs
- Working on a Private Placement Memorandum (PPM) to raise capital
- Intending to hire additional staff and build production, marketing, and sales infrastructure
- Exploring expansion of product lines
- Implementing a plan to increase inventory to generate sales
- Planning to build a new facility to improve efficiency
- Appointing a distributor to enhance sales
- Obtaining licenses to operate as a scrap metal processor and used car dealership
- Securing financing for scrap metal processing expansion
- Developing marketing strategy to improve sales
- Obtaining equity line of credit and other loans to meet operating expenses