Ngen Technologies Holdings Corp. (fka NGRP)

[Magnum7419]

"At June 30, 2019, the primary sources of liquidity consisted of account receivables of $14,890,737. The improvement in working capital from December 31, 2018 to June 30, 2019 was due primarily to significant increases in accounts receivables which was $14,890,737 at June 30, 2019 compared to $1,057,693 at December 31, 2018.



"The Company has historically financed its operations through the cash flow generated from operations, cash investments from shareholders were done on a good faith basis with no repayment structure or terms, and from the issuance of convertible notes[/b]".