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10k filed,

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db7 Member Level  Tuesday, 04/15/14 10:01:44 AM
Re: SSP post# 2841
Post # of 2865 
10k filed,


Net cash used in operating activities was $30,030 for 2013 to settle an outstanding payable to an attorney, compared to cash provided by operating activities of $209 for 2012.

Net cash provided by financing activities was $32,500 for 2013 as a result of proceeds from borrowings from officers and directors. We had no financings in 2012.

We have incurred operating losses from inception through December 31, 2013. We incurred operating losses of $14,581 in 2013 and $14,581 in 2012. At December 31, 2013, we had an accumulated deficit of $16,888,522.

Management believes that we will be able to achieve a satisfactory level of liquidity to meet our business plan and capital needs through December 31, 2013. Management believes we have the ability to obtain additional financing from key officers, directors and certain investors


Interesting no mention of QRT in there...........(?)


All posts are strictly my opinion and are not buy or sell recommendations.
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