For the six months ended June 30, 2013, the registrant had revenues of $15,043, and a net loss of $3,443,950. For the six months ended June 30, 2014, the registrant currently estimates that it had revenues of $nil and a net loss of approximately $1.7 million. Results for the six months ended June 30, 2014 remain subject to further adjustment.
The decrease in revenues for the six months ended June 30, 2014 as compared to the corresponding periods in 2013 is primarily attributable to a deficiency of needed capital for building and assembling inventory units as well as an associated decrease in marketing activities . The net loss for the six months ended June 30, 2014 is primarily attributable to the following: (i) selling, general and administrative expenses incurred related to building the business, (ii) interest expense incurred on debt, (iii) dividends on preferred stock treated as interest expense for accounting purposes and (iv) amortization of debt discounts related to the issuances of debt and preferred stock.
This Notification of Late Filing on Form 12b-25 contains forward-looking statements, including forward-looking statements relating to the Registrant's financial results for the six months ended June 30, 2014. These statements are based on management's current expectations and involve a number of risks and uncertainties, including risks described in our filings with the Securities and Exchange Commission. The Registrant's actual results may differ materially from the Registrant's anticipated or expected results and the results in the forward-looking statements.