Quarterly report pursuant to Section 13 or 15(d)

2. Liquidity and Capital Resources

v3.3.0.814
2. Liquidity and Capital Resources
9 Months Ended
Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
2. Liquidity and Capital Resources

Cash Flows – During the nine months ending September 30, 2015, the Company primarily utilized cash and cash equivalents and profits from operations to fund its operations.

 

Cash and cash equivalents are carried at cost and represent cash on hand, deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date. The Company had $394,973 and $54,510 classified as cash equivalents as of September 30, 2015 and December 31, 2014, respectively.