Nelly Shishkova

Modern Mobility Aids Inc. (OTC:MDRM) Is Looking Forward to the Climb

by Nelly Shishkova May 7, 2012

MDRM_logo.jpgMeanwhile, the biggest issue for Modern Mobility remains its financials. As of December 31, 2011 the company's total liabilities were much higher than its assets and the net loss has increased. In addition, both the stockholders' deficit and the deficit accumulated during the development stage flew up.

Due to its operating losses and working capital deficiency, MDRM must raise additional funds to initiate or acquire a business and to fund its continued operations. However, while the revenues are missing, the company may not be successful in raising additional funds or achieving profitable operations.

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