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At May 5, 2016, the Company had negative working capital of approximately US $2.8 million, excluding cash and cash equivalents of US $3.0 million compared to negative working capital of approximately US $6.8 million, excluding cash and cash equivalents of US $5.4 million at October 4, 2015.
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Wanban is focused on developing higher-end products for mass-market adoption, rather than trying to maximize sales at the present time. ¡°Our licensing program will allow companies to provide products to the market, while enabling wanban to continue our R&D efforts aimed at what will be required for truly large-scale adoption over the next few years,¡± said Simon.
The impact of the LED lighting doesn’t spoil the milk but simply degrades the quality. The researchers had test subjects taste milk that had been under LED lights for as little as four hours and compare the taste to milk that has been stored for two weeks but shielded from LED exposure. The testers overwhelmingly preferred the older milk over the LED-exposed milk. The milk exposed to LED lighting was said to taste of “cardboard or plastic.”.