Another Red Session For Surna Inc (OTCMKTS:SRNA)

[[tagnumber 0]][[tagnumber 1]]The stock of Surna Inc (OTCMKTS:SRNA) isn’t doing very well after the impressive performance that we saw from it in the second half of July and the first half of August. The ticker only three sessions in the green since it hit a high of $0.225 per share on August 17.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although it did try to recover some of the lost value we see that, after yesterday’s 13.91% loss [[tagnumber 6]]SRNA[[tagnumber 7]] is down a total of 42% from its high just a few weeks ago. We also see that the volumes have also shrunk recently and the 1.1 million shares that were traded as [[tagnumber 6]]SRNA[[tagnumber 7]] was going for a close at $0.13 generated only $148 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company has been busy issuing press releases and it seems that business is getting better, at least in some aspects. This is shown by the numbers that were contained in [[tagnumber 6]]SRNA’s[[tagnumber 7]] financial report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 19]] [[tagnumber 20]]cash: $145 thousand[[tagnumber 21]] [[tagnumber 20]]current assets: $2.09 million[[tagnumber 21]] [[tagnumber 20]]current liabilities: $3.3 million[[tagnumber 21]] [[tagnumber 20]]quarterly revenues: $1.67 million[[tagnumber 21]] [[tagnumber 20]]quarterly net loss: $976 thousand[[tagnumber 21]] [[tagnumber 30]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]On the good side of things, we see an impressive increase in revenues and a significant decrease in net loss compared to the same period last year. On the other hand, we see that the cash has declined quite a lot and the company will be in need of financing soon and we also see that the current liabilities have increased quite a lot.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]When you couple that with the big possibility for significant dilution about which we talked about in our previous article it all starts to look rather risky, so you should be sure to do your due diligence before putting any money on the line. [[tagnumber 2]]