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Wednesday, March 11, 2015 8:56:54 PM
This is the key two pages- the "statement of operations" and their "balance sheet" - one needs ALL the info on those pages to "see" the full picture and reality of their financial situation- and then toss in the "GOING CONCERN WARNING" to round it out.
![](http://investorshub.advfn.com/uimage/uploads/2015/2/8/oumnuBHRT_expenses_rise.jpg)
![](http://investorshub.advfn.com/uimage/uploads/2015/1/16/hnfkpBHRT_cash.jpg)
Most recent filed 10-Q, PAGE 12:
"NOTE 2 — GOING CONCERN MATTERS
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited condensed financial statements, during nine months ended September 30, 2014, the Company incurred an operating loss of $1,247,199 and used $747,184 in cash for operating activities. As of September 30, 2014, the Company had a working capital deficit (current liabilities in excess of current assets) of approximately $10.0 million. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."
MUCH better "picture" IMO than some single slide in a power point stack- of a few carefully selected bullet points. MUCH better to me. I like to read the WHOLE STORY, the entire SEC filing and all the goodies contained therein.
My .009 cents worth
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