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Royal

05/21/12 1:46 AM

#203 RE: Royal #202

Compensated Awareness Post View Disclaimer
PSMH Operating Activities Net cash used in operating activities for the nine months ended March 31, 2012 was $1,239,814 and resulted primarily due to an increase in accounts receivable of $421,508 , an increase in prepaid expenses of $236,253 , a decrease in other current assets of $19,556 , an increase in accounts payable of $345,464 and an increase in accrued liabilities of $710,893 . We recorded a net loss of $3,059,459 for the nine months ended Mar