LIQUIDITY AND CAPITAL RESOURCES
|9 Months Ended
Sep. 30, 2015
|Notes to Financial Statements
|LIQUIDITY AND CAPITAL RESOURCES
NOTE 14 LIQUIDITY AND CAPITAL RESOURCES
As of September 30, 2015, the Company believes that it will generate sufficient capital to satisfy working capital requirements for the next 12 months. As of September 30, 2015 we have accounts receivable of $108,153 to be collected and new purchase orders to be fulfilled totaling $360,000 for which the inventory is already on hand and has been shipped. At present we are working on the development of four new products, followed closely by others. Through a Licensing Agreement we have multiple products available in the areas of personal care, household cleaning/laundry, hardware, automotive, pet care and foods.
Based on the before mentioned working capital components, revenue realized in the first nine months of 2015, revenue projections beyond the third quarter and the debt that was eliminated in 2014, management believes that it will generate sufficient capital over the next year to fund its operations.