ElectroMedical reports use-of-proceeds from property sale; $650K on Wellness Pro Plus

Electromedical Technologies, Inc

Net proceeds from March real estate sale: $1,358,710.56 (purchase price $2,000,000).
Spent $290k on R&D, $150k on testing/tooling, $210k on inventory for the Wellness Pro Plus Infinity product.
Total $650k deployed on product development; remaining proceeds not disclosed.

item 7.01

Electromedical Technologies, Inc filing history →

Source: SEC EDGAR

accession 0001104659-23-047605

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