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Well, they certainly saved money on not using

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Zorax   Wednesday, 05/18/11 08:51:02 PM
Re: SSP post# 2821
Post # of 2875 
Well, they certainly saved money on not using new forms, since they copy pasted everything except the numbers, nothing wrong with that I guess... they better find something to merge with soon, the deficits are piling up.

Liquidity and Capital Resources

We had $25 in cash at September 30, 2009, compared to $25 at December 31, 2008.

At September 30, 2009, we had working capital deficit of $2,183,181 as compared to $2,095,774 at December 31, 2008. The increase in the working capital deficit is due primarily to the accrual of additional liabilities.

Net cash used in operating activities for the nine months ended September 30, 2009 was $0 as compared to $0 for the same period of 2008.

We have incurred operating losses since inception. At September 30, 2009, we had an accumulated deficit of $16,144,429 and current assets and current liabilities of $25 and $2,183,206, respectively, resulting in a working capital deficit of $2,183,181. We currently have limited cash resources available and have obligations due or past due.



Liquidity and Capital Resources

We had $25 in cash at September 30, 2010, compared to $25 at December 31, 2009.

At September 30, 2010, we had working capital deficit of $2,423,831 as compared to $2,226,936 at December 31, 2009. The increase in the working capital deficit is due primarily to the accrual of additional liabilities.

Net cash used in operating activities for the nine months ended September 30, 2010 was $3,974 as compared to $0 for the same period of 2009.

Net cash provided by financing activities for the nine months ended September 30, 2010 was $3,974 as compared to $0 for the same period of 2009.

We have incurred operating losses since inception. At September 30, 2010, we had an accumulated deficit of $16,335,079 and current assets and current liabilities of $25 and $2,423,856, respectively, resulting in a working capital deficit of $2,423,831. We currently have limited cash resources available and have obligations due or past due.


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