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Sunday, August 26, 2012 1:40:39 PM
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8773874
Note 3 Liquidity and Management’s Plan
As reflected in the accompanying financial statements, the Company had a net loss of $4,549,181 and net cash used in operations of $3,562,480 for the six months June 30, 2012. The Company has nominal revenue and is in the development stage.
The Company does not yet have a history of financial stability. Historically, the principal source of liquidity has been the issuance of equity securities.
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