A lot of it is straight out of the company filings. She should have stated the deficit in its entirety though...
At March 31, 2013, we had an accumulated deficit of $11,705,778 and a working capital deficit of $2,885,043. During the three months ended March 31, 2013, we had a net loss of $468,734. As we had no significant revenues or earnings from operations, the net loss for the three months ended March 31, 2013 was a result of our operating expenditures and financing costs. We will in all likelihood sustain operating expenses without corresponding revenues.
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