Operations The Company had no operational activity during the first three months of 2009; and that period will not be included this period in the operational discussion below. We recorded a net loss of $1,583,768 for the three month period ended March 31, 2010. For the three month period ended March 31, 2010, we incurred general and administrative expenses totaling $1,583,443, which primarily consisted of amortized stock compensation expense of $1,446,586 for issuances of common stock to employees/directors and other stakeholders, along with management fees of $125,000.As of March 31, 2010, we had current assets of $140,492, with current liabilities of $2,287,049. The Company had negative working capital of $2,146,557 at March 31, 2010.
Glad to see Management is getting their cut HUH?.... Stay away from this POS!
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