MANAGEMENT DISCUSSION: SUBSTANTIAL DOUBTI wonder how much of the accumulated deficit was paid to Gene Simmons or other celebrities.. Will they find some cash to pay anoher celebrity to boost the yappn share price and then dump yappn shares for intertainment to survive?
MDA Dated March 3rd 2014:
There is substantial doubt about the Company's ability to realize the carrying value of its assets and discharge its liabilities as they come due. The Company has a number of options that will provide significant financing to the Company in the near term.
The Company requires additional equity or debt financing in fiscal 2014 in order to continue operations. The Company is currently evaluating the different options available. The continuance of the Company as a going concern is dependent upon, among other things, its ability to obtain additional financing, achieve positive operating cash flows and the on-going support of its shareholders, affiliates and creditors. For the six month period ended December 31, 2013, the Company incurred a loss of $3,667,530 and had negative operating cash flows of $2,392,295. At December 31, 2013, the Company had negative working capital of $13,305,545 and an accumulated deficit of $89,089,866.