"Debt cut in half from $14million"??
Latest 10-Q filing, PAGE 4:
TOTAL current liabilities:
Period ended June 30, 2014: $9,759,137
Period ended June 30, 2013: $13,429,404
That's not "cut in half" or what would be 50%?
Half of $13,429,404 is $6,714,702. That is not the case.
The reduction from $13.4 million to $9.7 million is approx. 30% of a reduction, not 50% of "cut in half".
Same 10-Q filing (latest, period ended Q-2, 2014) PAGE 11:
"NOTE 2 – GOING CONCERN MATTERS
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited condensed financial statements, during six months ended June 30, 2014, the Company incurred an operating loss of $1,078,971 and used $507,059 in cash for operating activities. As of June 30, 2014, the Company had a working capital deficit (current liabilities in excess of current assets) of approximately $9.6 million. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time."
Notice, $9.6 MILLION current liabilities in excess of current assets. It's not been cut in half in the past 15 months. Also, the "revenues" have been off-set by extremely large increases in their expense/cost line. See page 5, same 10-Q filing. Expenses grew faster than "revenues".
News 
Market Data 
Discover 
