Xeriant Inc (XERI)

[tchalla]

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As of March 31, 2018, we had a cash balance of $0 and negative working capital of $3,905,826. Our net loss of $207,723 in the quarter ended March 31 2018 was mostly funded by proceeds raised from financings. We will need to raise working capital (or refinance existing short-term debt to long-term debt) to fund operations. Future equity financings may be dilutive to our stockholders. Alternative forms of future financings may include preferences or rights superior to our common stock. Debt financings may involve a pledge of assets and will rank senior to our common stock. We have historically financed our operations through best-efforts private equity and debt financings. We do not have any credit or equity facilities available with financial institutions, stockholders or third party investors, and will continue to rely on best efforts financings. The failure to raise sufficient capital will likely cause us to cease operations.



During the nine months ended March 31, 2018, our operating activities used $907 of net cash compared to using $197,567 of net cash flow in our operating activities for the nine months ended March 31, 2017. This difference primarily resulted from the cessation of sales and operations.