]The Company has incurred net losses of $9,339,477 and $1,746,822 during the six months ended June 30, 2014 and 2013, respectively.
Cash on hand will not be sufficient to cover debt repayments scheduled as of June 30, 2014, and operating expenses and capital expenditure requirements for at least twelve months from the consolidated balance sheet date. As of June 30, 2014 and December 31, 2013, the Company had working capital deficits of $5,897,145 and $3,253,407, respectively. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to seek equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern[/color].
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