JUHL, as a holding company, does not directly operate or have any ownership in any revenue-producing generation facilities. Thus, it has no material assets other than the stock of its subsidiaries and depends upon transfers of funds from its subsidiaries to meet its obligations.
Based on the company's anticipated level of revenues, its management believes that funds generated from existing contractual agreements, together with existing cash resources, will be sufficient to finance their operations and planned capital expenditures through the next 24 months. In the meantime, they will seek to obtain additional sources of recurring revenue. However, the team cannot assure that their actions will be successful.