Quarterly report pursuant to Section 13 or 15(d)

LIQUIDITY

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LIQUIDITY
9 Months Ended
Sep. 30, 2018
Liquidity Disclosures [Abstract]  
LIQUIDITY

NOTE 3 – LIQUIDITY

 

The Company believes that the current cash balance and line of credit with CT Capital, LTD (See Note 4), along with continued execution of its business development plan, will allow the Company to further improve its working capital; and currently anticipates that it will have sufficient capital resources to meet projected cash flow requirements through the date at least one year from the filing of this report.

 

However, to execute the Company’s business development plan, which there can be no assurance we will achieve, the Company may need to raise additional funds through public or private equity offerings, debt financings, corporate collaborations or other means and potentially reduce operating expenditures. If the Company is unable to secure additional capital, it may be required to curtail its business development initiatives and take additional measures to reduce costs to conserve its cash.