Quarterly report pursuant to Section 13 or 15(d)

Liquidity and Managements' Plans

Liquidity and Managements' Plans
9 Months Ended
Sep. 30, 2018
Liquidity And Managements Plans  
Liquidity and Managements' Plans



During the nine months ended September 30, 2018, the Company reported an operating loss of $2,888 and had a cash and cash equivalent balance of $5,722 at September 30, 2018. The Company also used cash in its operating activities of $9,666 and had a working capital deficit of $41,125 primarily due to its senior notes payable and notes payables becoming current within the year. The Company believes with its cash and cash equivalent balance at September 30, 2018, of $5,722, current revenues of $263,735 and backlog and orders under master service agreements of approximately $473,651 as of September 30, 2018, will be sufficient to maintain operations and working capital requirements for at least the next 12 months from the date of this filing. Other sources of liquidity could include additional potential issuances of debt or equity securities in public or private financings.