We have incurred net losses since our inception and if we continue to incur net losses in the fo reseeable future the market pri ce of our common stock may decline.
We reported an annual net income of $322,840 in 2012 and an annual loss of $3,879,581 in 2011.
The net income for 2012, included a gain on the sale of the TDG Assets of $5,817,807. We have an accumulate d deficit of $26,146,304 as of December 31, 2012
..
We are in default under our loan agreement with our senior lender. As a result,
the senior lender could foreclose on our assets
, which ultimately could require us to curtail or cease operations.