InvestorsHub Logo
Followers 10
Posts 276
Boards Moderated 0
Alias Born 12/21/2012

Re: Jkthomas post# 2261

Tuesday, 05/17/2016 1:33:34 AM

Tuesday, May 17, 2016 1:33:34 AM

Post# of 4911
This was the only paragraph that I didn't like

As of May 16, 2016, our cash position was approximately $200,000. If we are not able to generate profitable operations from the sale of our products or we are not able to obtain additional financing, we will only be able to continue our operations for approximately two months from the filing date of this quarterly report on Form 10-Q. We did not make $501,125 of principal payments due on certain convertible debentures and, as a result, these obligations can be placed into default by the holders. Our independent registered public accounting firm included an emphasis of a matter paragraph in its report included in our annual report on Form 10-K for the year ended December 31, 2015, which expressed substantial doubt about our ability to continue as a going concern. Our consolidated condensed financial statements included herein do not include any adjustments related to this uncertainty.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.