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Re: StevenRisk post# 68149

Tuesday, 08/12/2014 2:47:36 PM

Tuesday, August 12, 2014 2:47:36 PM

Post# of 290030
taken from the S 1.We have sustained losses from operations in each fiscal year since our inception, and we expect these losses to continue for the indefinite future, due to our substantial investment in research and development, attorneys’ fees and expenses, and consultants’ fees. At December 31, 2013, we had an accumulated deficit of $14,837,317 and stockholders’ equity of $83,487. As of March 31, 2014, we had an accumulated deficit of $19,753,807 and our stockholders’ equity increased to $2,321,725.