At June 30, 2017, our financial statements show that we have a negative working capital of approximately $1.9 million and an accumulated deficit of approximately $25.8 million. In addition, we have incurred losses for the prior three years. These factors indicate that there may be doubt regarding our ability to continue as a going concern for the next twelve months.
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We are aggressively seeking new markets for our zeolite products, and we now have an outside sales staff that is working to obtain new customers and have had some success.
We believe that the combination of the above will enable us to stay in operation and meet our financial obligations for the next twelve months and further.
www.sec.gov/Archives/edgar/data/101538/...007405/uamy_10q.htm