Don It Is $20,195,831 Not one-half million in debt
As reflected in the accompanying financial statements, the Company has incurred significant losses from operations and negative operating cash flows, which have been financed primarily by proceeds from stock and debt issuance. As a result the Company had accumulated deficits of $20,195,831 and $16,903,808 at March 31, 2009 and 2008 respectively.
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Their last balance sheet reflected a couple hundred thousand of current assets, aside from inventory, and nearly one and one-half million in debt.
"Your Vegas Is Showing"
I've been to Hollywood
I've been to Redwood
I crossed the ocean
for a heart of gold
I've been in my mind,
it's such a fine line
Later, The Team.