Quarterly report pursuant to sections 13 or 15(d)

2. Going Concern

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2. Going Concern
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
2. Going Concern

At June 30 2012, the Company had a working capital deficit of $12.6 million and an accumulated deficit of $151.5 million.  The Company has continued to sustain losses from operations and has not generated positive cash flow from operations since inception.  Management is aware that its current cash resources are not adequate to fund its operations for the remainder of the year. During the six months ended June 30, 2012, the Company raised approximately $1.1 million, net of expenses, from the sale of the Company’s equity securities.  The Company cannot provide any assurances if and when it will be able to attain profitability.  These conditions, among others, raise substantial doubt about the Company’s ability to continue operations as a going concern.  No adjustment has been made in the condensed consolidated interim financial statements to the amounts and classification of assets and liabilities which could result should the Company be unable to continue as a going concern.