RE: RE: FINANCIALS - M/A - 2ND QTR Liquidity and Capital Resources
As at June 30, 2012 CORRE had cash and cash equivalents amounting to $1,530,865 compared to $2,683,934 at December 31, 2011. Working capital amounted to $1,440,368 at the quarter ended June 30, 2012 compared to working capital of $2,642,059 at the end of 2011.
Management expects to finance future operations and growth; (i) by the issuance of debt and equity securities as required; and (ii) by generating profitable operations.