Form 10-Q on 20-Jun-2013 ALL AMERICAN PET COMPANY, INC. NOT AUDITED
The Company has never operated at a profit and is dependent upon additional financing to remain a going concern. Throughout 2012, the Company obtained equity capital in the amount of approximately $3,000,000 and continues to seek additional equity capital to sustain operations. During the three months ended March 31, 2013, the Company obtained $235,972 of equity capital and incurred $162,276 of debt to sustain operations. The Company remains under significant financial strain, primarily because of its limited operating funds and a significant amount of past due debts. The limited amount of operating capital may preclude the Company's ability to execute its manufacturing, marketing, and distribution objectives or to continue operations. As a result, the reports of the independent registered public accounting firms on the Company's 2012 and 2011 consolidated financial statements include explanatory paragraphs expressing substantial doubt regarding the Company's ability to continue as a going concern.
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