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Due to Our History of Operating Losses, We are Uncertain That We Will Be Able to Maintain Sufficient Cash to Accomplish Our Business Objectives

 

The consolidated financial statements have been prepared assuming that we will continue as a going concern. During the fiscal years ended April 30, 2006 and 2005 we suffered net losses of $2,767,259 and $306,193, respectively. At April 30, 2006, our stockholders' equity was $338,077 and $120,587, respectively. There is no assurance that we can successfully complete our prototype engine or that we will ever generate...