US Stem Cell Inc (USRM)

[Dragon Lady]

GOING CONCERN WARNINGS IN LATEST 10-K, NOW MANY TIMES?

Well, lets see- (and it's would have to have only gotten much, much, much worse as this share price has occurred IMO, as they live off of 100% pure dilution funding deals, "toxic" convertible floorless debt deals which get worse and harder to get cash the lower the share price goes)

Latest filed SEC 10-K:

http://www.sec.gov/Archives/edgar/data/1388319/000114544315000378/bioheart_10k.htm

PAGE 27:

"
Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern.

Our independent registered public accounting firm issued its report dated March 16th, 2015 in connection with the audit of our financial statements as of December 31, 2014, which included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern. In addition, our note to our financial statements for the year ended December 31, 2014 included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern. If we are not able to continue as a going concern, it is likely that holders of our common stock will lose all of their investment. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty."

PAGE 44:

"Our Ability To Continue as a Going Concern

Our independent registered public accounting firm has issued its report dated March 16th, 2015 in connection with the audit of our financial statements as of December 31, 2014 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern. Our financial statements as of December 31, 2014 have been prepared under the assumption that we will continue as a going concern. If we are not able to continue as a going concern, it is likely that holders of our common stock will lose all of their investment. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty."

PAGE 56:

"At December 31, 2014, we had cash and cash equivalents totaling $36,674; our working capital deficit as of such date was $10,957,443. Our independent registered public accounting firm has issued its report dated March 16th, 2015 in connection with the audit of our financial statements as of December 31, 2014 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern."

PAGE F-2:

"The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations and used significant amounts of cash in its operations. In addition, at December 31, 2014 the Company’s current liabilities exceed its current assets by $10,957,443. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/Fiondella, Milone & LaSaracina LLP
Glastonbury, Connecticut
March 16, 2015"

PAGE F-12:

"NOTE 2 — GOING CONCERN MATTERS

The accompanying consolidated 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 consolidated financial statements during year ended December 31, 2014, the Company incurred net losses of $2,253,511 and used $1,108,647 in cash for operating activities. 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."

Ya think, just maybe the company and their licensed, fiduciary bound CPA firm and the Sr. Mgt kinda wanted to cover their behinds that this 3 person company is in a bit, a tad of financial trouble, just maybe IMHO, LOL? How many times is that, where they issued those GOING CONCERN (aka financial speak for BK, BANKRUPTCY) "concern" warnings? AND a "liquidity problems" line tossed in for good measure?

They're in dire financial straights IMO, real bad.