News Focus
News Focus
Followers 0
Posts 398
Boards Moderated 0
Alias Born 09/21/2005

Re: jrod post# 42676

Friday, 11/25/2005 4:21:43 AM

Friday, November 25, 2005 4:21:43 AM

Post# of 286611
per 10q

As of September 30, 2005, the Company had total current assets of $480,497 and total current liabilities of $1,481,701, resulting in a working capital deficit of $1,001,204; as of that date, the Company had cash of $38,870. During the nine months ended September 30, 2005 and 2004, the Company incurred losses of $2,884,234 and $7,945,385, respectively, and the Company has an accumulated deficit of $21,387,368 as of September 30, 2005.

If the debt is gone then great - where did the money come from though?