EXNT~~Liquidity and Capital Resources
The Company has issued 54,401,518 shares of its Common Stock to officers, directors and others. The Company has little operating history and no material assets other than the mineral lease properties, the patent for the TAC Unit, ThinDisc, the Optical Disc, DSTag, and the Antenna patents. The Company has $60,400 in cash as of March 31, 2017, of which $52,277 is restricted for use in natural gas and petroleum exploration