Ocean Aps

Development in activities and financial positionThe Company's income statement for 2022 shows a loss of DKK 27,644,105 as against a loss of DKK 20,219,841 in 2021. Equity in the Company's balance sheet at 31 December 2022 stood at DKK -15,280,302 as against DKK 12,363,803 at 31 December 2021.Capital resources The operations of the Company have been funded by the Parent Company and shareholder. These accumulated debts were converted during 2022, but the Company is still in a phase where significant investments are being made in its Revenue Intelligence platform, and the Company needs new investments in 2023 to be able to fund its activities.The current investors have indicated that they are willing to ensure funding that will last until the end of the year, based on the current business plan.The Company has historically shown ability to raise capital. It is Management's assessment that the Company, also in the future, will be able to ensure new funding to secure the continued operations. The accounts are on this basis prepared with continued operation in mind.