Liquidity |
3 Months Ended |
---|---|
Mar. 31, 2016 | |
Liquidity | |
Liquidity |
Note 2 Liquidity
The Companys 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 Companys current cash flow projections, management believes the Company will have sufficient capital resources to meet projected cash flow requirements for the next twelve months. |