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Tuesday, November 21, 2006 12:23:12 PM
September 30, 2006. Stockholders’ equity was $618,367 and we had a working capital deficiency of $2,425,428. Principal sources of liquidity in 2006 included the sale of $2,915,000 in convertible notes and $4,091,514 in revenue from operations.
September 30, 2005. Stockholders deficit was $427,994 and working capital deficiency was $959,223. Principal sources of liquidity in 2005 included the sale of $1,910,000 in convertible notes, $818,550 in revenue from operations, and $156,956 from selling shares to investors.
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