Three month ended September 30, 2014
Cash $ 132,238
Accounts receivable $ 880
Total Current Assets $ 133,118
Revenue $ 10,632
Total operating expenses $ 129,672
Future operating activities are expected to be funded by revenues, the exercise of outstanding warrants or new loans and equity financing opportunities. ... Equity financing could result in additional dilution to existing shareholders.
Our Company has generated $18,366 (2014) and $11,800 (2013) in revenue in the respective nine month periods ended September 30, which amounts are not presently sufficient to cover our ongoing quarterly operating expenses. We have never paid dividends and it is unlikely we will generate sufficient earnings in the immediate or foreseeable future to meet our operational overhead.
...
The continuation of our Company as a going concern is dependent upon the continued financial support from our shareholders, the ability of our Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations.
Quelle: 10Q 11/19/2014 Epoxy Inc.
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