"Due to our limited amount of capital, recurring losses, negative cash flows from operations and our ability to pay outstanding liabilities, our independent auditors stated in their report for the fiscal year ended December 31, 2012, that there is substantial doubt about our ability to continue as a going concern. Since inception on July 12, 1999, we have incurred operating losses and negative cash flows from operations. As of March 31, 2013, we had an accumulated deficit of $2,209,535, with total stockholders’ equity of $343. We had a working capital deficit of $67,965 at March 31, 2013. "
In the words of BESE from their most recent SEC filing.
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