URG has no cash on hand to pay services?...Tha's really SAD...
Our Cost of Sales for the twelve months ended December 31, 2012, were $ 50,513,644 as compared to $71,604,210 for the same period in 2011. Our primary business operations consist of the marketing and distribution of natural gas and propane to our major customers nationwide. Our general and administrative expenses for the twelve months ended December 31, 2012, were $ 1,734,864 as compared to $1,312,624 for 2011. We pay our employees and consultants largely in common shares as our cash availability is currently limited.
Our total operating expenses (increased) f rom $1,216,860 for the period ending 2011 by a total of $ 567,004 , or by 46.60 %, to $ 1,783,864 for the period ending December 31, 2012. Based on our plans for growth and expansion, and increasing revenues through sales of natural and other products, we believe we will soon reduce our net losses down to zero; and then move our company toward solid profitability. Since we are a high growth company, growing by mergers and acquisitions, we expect to have corresponding increases in costs reflected in our operating expenses.
