FBC Holding Inc (FBCD)

[Kurupt]

Revenues, Expenses and Loss from Operations:







2 YEARS AGO
For the year ending July 31, 2010 our total operating expenses were $7,079,071 compared to $1,144,585 for the year ended July 31, 2009. We attribute the increase to costs of non cash compensation. Our general and administrative expenses consisted of the following: salaries, filing fees, bank charges and interest, professional fees (accounting and legal), telephone and other associated office fees, management and consulting fees (including investor relation fees), marketing, and mineral property expenses.

Liquidity and Capital Resources

As at July 31, 2010 we had cash in the amount of $nil and a working capital deficit of $3,485,354. This is in contrast to our cash position at the same time last year, July 31, 2009 when we had $92,525 of cash in the bank. As at July 31, 2010 our total assets were $nil and our total liabilities were $3,485,354.

Our net loss of $13,947,250 from inception on May 30, 2006 until July 31, 2010 was funded by a combination of equity and debt financing. From inception on May 30, 2006 until July 31, 2010 we have raised approximately $893,692 from the sale of our common stock.