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. hi leute es wird bald zu ende sein! : |X| JÄHRLICHER BERICHT GEMÄSS ABSCHNITT 13 ODER 15(D) DES BÖRSENGESETZES VON 1934 Für das steuerliche Jahr beendet Dezember 31, 2002 . .RISK FACTORS Our inability to secure additional financing on acceptable terms could prevent or delay us from developing and commercializing the iQ technology which could decrease the value of the shares or affect our ability to continue as a going concern. As of December 31, 2002, we had a working capital deficit of $148,000. We anticipate that we will require additional financing of approximately $2,300,000 to $2,600,000 during 2003 in order to fund our anticipated plan of operation and working capital requirements during 2003. Our auditors have expressed substantial doubt as to our ability to continue as a going concern. Subsequent to December 31, 2002, we received subscriptions for an additional $382,700 pursuant to an offering of units at $0.32 per unit. We are seeking additional financing to meet our financial requirements for 2003, but have no further firm commitments or arrangements for such financing. We may require more financing than we anticipate if we experience delays, cost overruns, additional funding needs for joint ventures or other unanticipated events. If we fail to get the necessary financing on a timely basis, it might: • delay and increase the costs of development and commercialization of the iQ technology; • cause us to default on some of our financial commitments; • prevent us from being able to commercialize the iQ technology; and • force us to discontinue our operations or to look for a purchaser for the iQ technology or our business, all of which would negatively impact your investment in our shares. We cannot assure you that additional financing will be available on a timely basis or on terms acceptable to us. We have incurred net losses since our inception and we anticipate that losses will continue. We incurred net loses of $1,555,000 in 2002 and $3,754,000 in 2001. As of December 31, 2002, we have incurred net losses since our inception in the aggregate amount of $12,426,000, and we anticipate that we will continue to incur losses due to a high level of operating and capital expenditures, sales and marketing costs, additional personnel requirements and our general growth objectives. We anticipate that our net losses will increase in the near future as we implement our business strategy and attempt to commercialize our MagiQ TM battery. Our ability to earn a profit will depend on the commercial acceptance of our products, which has not yet been achieved, and our ability to exploit our technology. We may never achieve profitability. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Our auditors have expressed substantial doubt as to our ability to continue as a going concern. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Rb. . |
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| aus der Diskussion: | ______IQ Power Techn.__2003__Fakten, Gerüchte und Spekulationen__ |
| Autor (Datum des Eintrages): | Ramschbus (18.04.03 10:30:46) |
| Beitrag: | 95 von 913 (ID:9206780) |
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