Good run so far but this is my only concern from the filing yesterday......They only have $63 bucks in cash and need to pay off $342, 852. Is this running to help get it paid??? They said it not me....Probably does not matter because a lot of stocks been running on nothing as of late. Watching from the sidelines.....
LIQUIDITY AND CAPITAL RESOURCES
As of December 31, 2016, we had approximately $63 in cash with which to satisfy our cash requirements for the next twelve months, along with approximately $650,000 remaining on the line of credit from Mr. Talari to pay normal operating expenses, while we attempt to secure other sources of financing.
Since the inception of our Master Note Agreement, Mr. Talari has continued to advance funds to us as needed. Mr. Talari remains committed to continue funding the Company and has regularly converted amounts outstanding and accrued interest, under the note agreement, to our common stock, in order to have money available. At December 31, 2016, we owe Mr. Talari $342,852 on the master promissory note plus accrued interest. Mr. Talari has pledged funding for operating capital, up to $1,000,000, under the same terms as the original Master Note.
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