Quarterly report pursuant to Section 13 or 15(d)

NOTE 5 - Continuing Operations

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NOTE 5 - Continuing Operations
6 Months Ended
Jun. 30, 2017
Notes  
NOTE 5 - Continuing Operations

NOTE 5 - Continuing Operations

 

The Company has sustained losses and has negative cash flows from operating activities since its inception. However, the Company has raised significant equity capital and is currently developing new product lines to increase future revenues. On February 21, 2017, the Company closed an underwritten public offering of equity securities resulting in net proceeds of approximately $5.25 million, after deducting underwriting discounts and commissions and other offering expenses payable by the Company. As such, the Company believes it has adequate working capital and cash to fund operations through 2017.