Quarterly report pursuant to Section 13 or 15(d)

Liquidity

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Liquidity
3 Months Ended
Mar. 31, 2016
Liquidity  
Liquidity

Note 2 – Liquidity

 

The Company’s cash flow used in operating cash flows was $47,438 for the three months ended March 31, 2016. As discussed in Note 8, the Company has raised $500,000 subsequent to the March 31, 2016. In addition, the Company is working to manage its current liabilities while it continues to make changes in operations to further improve its cash flow and liquidity position. Based upon subsequent debt financing and the Company’s current cash flow projections, management believes the Company will have sufficient capital resources to meet projected cash flow requirements for the next twelve months.