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Alias Born | 11/29/2007 |
Monday, September 10, 2018 2:09:39 PM
We eliminated our operating coffee stands (on June 2, 2017) and reported $2,127 of revenues for the three months ended
March 31, 2018 compared to one operating coffee stand and revenues of $40,252 for the three months ended
March 31, 2017. At March 31, 2018, we have an accumulated deficit since inception of $13,335,788. These
factors, among others, indicate that the Company might be unable to continue as a going concern for a reasonable
period of time.
As of March 31, 2018, we had cash of $201 and working capital deficit of $1,318,729. This compares to
cash of $902 and a working capital deficit of $1,377,074 at December 31, 2017.
Based on anticipated operating and administrative expenses, the Company will not have sufficient cash
resources to finance its operations except for several months unless we are able to raise additional equity financing
and/or debt financing in the immediate future. We have commenced, and will continue to pursue, efforts to raise
additional equity financing and/or debt financing from a variety of sources and means. There are no assurances
that we will be able to obtain any additional financing and, even if obtained, that such financing will be in a
sufficient amount to be able to continue operations for a sufficient period until the Company is able to generate
sufficient revenues and become profitable.
https://backend.otcmarkets.com/otcapi/company/financial-report/197138/content
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