From 10 - Q
At December 31, 2014, we had working capital of $2,024,182 compared to working capital of $1,809,684at March 31, 2014. At December 31, 2014 we had cash on hand of $2,244,145.
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Debt and Other Commitments
We currently have no debt outstanding other than trade payables and accruals. At December 31, 2014 we had no significant purchase commitments for product and components.
Cash Requirements
Based on our cash position at December 31, 2014 and current planned expenditures and level of operation, we believe we have sufficient capital resources for the next twelve months. Actual results could differ significantly from management plans.
