Working Capital
Working capital is the amount by which current assets exceed current liabilities. We had negative working capital of $13,934,294 and $13,087,377, respectively, as of March 31, 2017 and December 31, 2016. The increase in negative working capital is due to the increase in debt of approximately $635,000 and a resulting increase in accrued liabilities of approximately $225,000 from interest expense. We also currently have insufficient cash flow to meet our debt obligations. This raises substantial doubt about our ability to continue as a going concern.
