The renewal fee is going to be great but don't foget we get $50k for the sign up! SO they are actually worth $5m first go around not the projected $3.5m I used for the renewal..
Yeah Shail, following your lead here on "Financial Concerns" and it's real. The financial remarks of the 8K have changed considerably.
Here's from the "LIQUIDITY AND CAPITAL RESOURCES section of the 10K with this <Link to Full Page>[/quote]Management believes that it will be able to raise additional funds and the Company is currently in discussions with investment bankers and potential investors regarding possible financing. However, the Company has no formal commitments for any future funding, and may not be able to obtain additional financing on terms acceptable to it, if at all, in the future.
The ability of the Company to continue as a going concern is dependent on its ability to successfully accomplish the plan described in the preceding paragraphs. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.
We expect capital expenditures to be less than $750,000 in fiscal 2014. Our primary investments will be in laboratory equipment to support prototyping, manufacturing, our authentication services and outside services for our detector and reader development.
Substantially all of the real property used in our business is leased under operating lease agreements.
Subsequent Events: None.
Product Research and Development: We anticipate spending approximately $1,200,000 for product research and development activities during the next twelve months.
Acquisition of Plant and Equipment and Other Assets: We do not anticipate the sale of any material property, plant or equipment during the next 12 months.[/quote]
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