"During the year ended June 30, 2015, we did not generate any revenue, incurred a net loss of $4,893,561 and used cash in the amount of $537,137 in our operations of. As of June 30, 2015, we had a working capital deficiency of $14,072,573 and a shareholders’ deficit of $14,034,690. These factors, among others raise substantial doubt about our ability to continue as a going concern. Our independent auditors, Liggett, Vogt, & Webb P.A , in their report dated September 28, 2015, on our audited financial statements for the year ended June 30, 2015 expressed substantial doubt about our ability to continue as a going concern."
Company: HYPERSOLAR, INC. (HYSR)
Form Type: 10-K
Filing Date: 9/30/2015