how can this be exciting...
During the nine months ended September 30, 2011, net cash flows provided by financing activities were $90,213 due primarily to the loan proceeds from the shareholders and related party in amount of $36,113, the proceeds of $17,500 from sales of total 1,200,000 shares of our common stock, of which 700,000 shares sold at $.0142 per share, and 500,000 shares sold at $.015 per share. In addition, we had proceeds from third party in amount of $36,600 in connection with the investment in our Joint Venture project.
We had $495 cash as of September 30, 2011. On the short-term basis, we will be required to raise a significant amount of additional funds over the next 12 months to sustain operations. On the long-term basis, we will potentially need to raise capital to grow and develop our business.
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