Wednesday, November 28, 2012 11:02:02 AM
As of October 25, 2012 CWS had net assets of approximately $10,000,000 primarily attributable to proprietary software licenses, and IP. Total liabilities of approximately $3,500,000 include long term notes payable to related parties in the amount of approximately $2,900,000. Year to date sales are approximately $195,000 with current sales orders in excess of $230,000.
CWS estimates expenditures of approximately $1,300,000 for the completion of the new releases of PDQ-WARP, PDQ-WLR 7, and ASUR-SDR which will result in projected sales of approximately $108,000,000 over the next three to five years.
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