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Friday, August 08, 2014 11:33:50 AM
We have sustained significant net losses which have resulted in a total stockholders’ deficit at March 31, 2014 of $6,389,360 and are currently experiencing a substantial shortfall in operating capital which raises doubt about our ability to continue as a going concern. We anticipate a net loss for the year ended December 31, 2014 and with the expected cash requirements for the coming months, without additional cash inflows from an increase in revenues combined with continued cost-cutting or a receipt of cash from capital investment, there is substantial doubt as to the Company’s ability to continue operations.
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