Micro-Cap Firm Receives $20M in Cryptocurrency Tokens, Still Struggles with Liquidity

ZK International received $20.02 million in AWA tokens to settle an equity-financing receivable on July 30, but the tokens remained unmonetized.

The company's management discussion described the prepayments and receivables as distinct from cash or other immediately available liquid resources.

At March 31, ZK International's continuing operations held $82,696 in cash and cash equivalents, equal to about 0.12% of its total assets.