Re: Most Recent Finacials
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Message: Most Recent Finacials
It's the Balance sheet that shows the deficit, the income Statement contributes to the positive or negative. One may note the total is currently somewhat over 79 milllion dollars, scroll down to the bottom. This amount represents the company total loss to date, much of this amount can carry forward for tax considerations.
| 2011 | March 31, | |||||||
| (Unaudited) | 2011 | |||||||
| $ | $ | |||||||
| ASSETS | ||||||||
| Current | ||||||||
| Cash and cash equivalents | 3,511,982 | 1,805,894 | ||||||
| Accounts receivable | 105,838 | 98,152 | ||||||
| Inventory | 213,077 | 256,458 | ||||||
| Deposits and prepaid expenses | 33,940 | 30,327 | ||||||
| Total current assets | 3,864,837 | 2,190,831 | ||||||
| Property, equipment and intangibles, net of accumulated depreciation | ||||||||
| and amortization of $196,418 and $194,461, respectively | 3,316 | 6,506 | ||||||
| Total assets | 3,868,153 | 2,197,337 | ||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
| Current | ||||||||
| Accounts payable, trade | 62,732 | 24,466 | ||||||
| Accrued and other liabilities | 210,965 | 153,013 | ||||||
| Total current liabilities | 273,697 | 177,479 | ||||||
| Commitments and Contingencies | ||||||||
| Stockholders' equity | ||||||||
| Preferred stock, $0.001 par value; 5,000,000 shares authorized | ||||||||
| None issued and outstanding | — | — | ||||||
| Common stock, $0.001 par value, authorized 350,000,000, | ||||||||
| 293,003,158 shares issued and outstanding each period | 293,003 | 293,003 | ||||||
| Additional paid-in capital | 82,775,602 | 82,767,088 | ||||||
| Accumulated deficit | (79,474,149 | ) | (81,040,233 | ) | ||||
| Total stockholders' equity | 3,594,456 | 2,019,858 | ||||||
| Total liabilities and stockholders' equity | 3,868,153 | 2,197,337 | ||||||
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