Posted On: 04/04/2014 8:29:06 PM
Post# of 1143
The Company has working capital of $3,272,349 as of December 31, 2013 compared to working capital of $1,433,392 as of December 31, 2012. Subsequent to December 31, 2013, the Company successfully completed an equity financing of $5,000,000. Additionally, the Company received $2,834,513 from the exercise of warrants. The Company is in a favorable cash position to cover its operating and investing activities and settle its outstanding obligations as they come due over the next twelve to eighteen months. 
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