x
|
QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For the quarterly period
ended: SEPTEMBER
30, 2009
|
|
or
|
|
r
|
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For the transition period from:
_____________ to
_____________
|
DELAWARE
|
333-123365
|
20-1602779
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
Indicate
by check mark whether the registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. x Yes r No
|
|||||||
Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.
|
|||||||
Large
accelerated filer r
|
Accelerated
filer r
|
||||||
Non-accelerated
filer r
|
Smaller
reporting company x
|
||||||
Indicate
by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Act). r Yes
x No
|
|||||||
Indicate
the number of shares outstanding of each of the issuer’s classes of common
stock, as of the latest practicable date.
|
Class
|
Outstanding
at November 14, 2009
|
|
Common
Stock, $.0001 par value
|
16,803,654
|
|
PAGE
|
|||
PART I
|
FINANCIAL
INFORMATION
|
||
Item
1
|
3
|
||
3
|
|||
4
|
|||
5
|
|||
6
|
|||
Item
2.
|
16
|
||
Item
3.
|
23
|
||
Item
4T.
|
23
|
||
PART II.
|
OTHER
INFORMATION
|
||
Item
1A.
|
23
|
||
Item
6.
|
23
|
||
24
|
Six
Months Ended
|
Year
Ended
|
|||||||
September
30, 2009
|
March
31,
2009
|
|||||||
(unaudited)
|
(audited)
|
|||||||
ASSETS
|
||||||||
CURRENT
ASSETS
|
||||||||
Cash
|
$
|
25,473
|
$
|
11,231
|
||||
Accounts
receivable, net
|
70,492
|
10,241
|
||||||
Prepaid
expenses
|
67,097
|
4,817
|
||||||
Inventory
|
-
|
22,354
|
||||||
TOTAL
CURRENT ASSETS
|
163,062
|
48,643
|
||||||
PROPERTY
AND EQUIPMENT
|
||||||||
Furniture
& fixtures
|
205,694
|
205,694
|
||||||
Machinery
& equipment
|
195,137
|
195,137
|
||||||
Capitalized
software
|
3,210
|
3,210
|
||||||
Less
accumulated depreciation
|
(238,423
|
)
|
(205,676
|
)
|
||||
TOTAL
FIXED ASSETS
|
165,618
|
198,365
|
||||||
OTHER
ASSETS
|
||||||||
Trade
secrets
|
1,026,000
|
1,026,000
|
||||||
Deposits
|
188,117
|
198,082
|
||||||
TOTAL
OTHER ASSETS
|
1,214,117
|
1,224,082
|
||||||
TOTAL
ASSETS
|
$
|
1,542,797
|
$
|
1,471,090
|
||||
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
||||||||
CURRENT
LIABILITIES
|
||||||||
Accounts
payable and accrued expenses
|
$
|
261,466
|
$
|
395,525
|
||||
Accrued
interest payable
|
223,174
|
135,570
|
||||||
Wages
payable
|
153,339
|
188,840
|
||||||
Current
maturities of long-term debt, net of discount
|
2,544,176
|
1,484,357
|
||||||
TOTAL
CURRENT LIABILITIES
|
3,182,155
|
2,204,292
|
||||||
LONG
TERM LIABILITIES
|
||||||||
Notes
payable, net of discount
|
-
|
-
|
||||||
TOTAL
LONG TERM LIABILITIES
|
-
|
-
|
||||||
TOTAL
LIABILITIES
|
3,182,155
|
2,204,292
|
||||||
COMMITMENTS
AND CONTINGENCIES
|
-
|
-
|
||||||
STOCKHOLDERS'
EQUITY
|
||||||||
Preferred
stock, $0.0001 par value; 5,000,000 shares authorized,
|
||||||||
no
shares issued and outstanding
|
-
|
-
|
||||||
Common
stock, $0.0001 par value; 100,000,000 shares authorized,
|
||||||||
16,803,654
and 16,203,654 shares issued and outstanding
|
1,680
|
1,620
|
||||||
Additional
paid-in capital
|
29,761,810
|
28,863,063
|
||||||
Accumulated
deficit
|
(31,402,848
|
)
|
(29,597,885
|
)
|
||||
TOTAL
STOCKHOLDERS' EQUITY
|
(1,639,358
|
)
|
(733,2020
|
)
|
||||
TOTAL
LIABILITIES AND
|
||||||||
STOCKHOLDERS'
EQUITY
|
$
|
1,542,797
|
$
|
1,471,090
|
Three
Months Ended
|
Six
Months Ended
|
||||||||||||||
September
30,
|
September
30,
|
||||||||||||||
2009
|
2008
|
2009
|
2008
|
||||||||||||
REVENUES
|
$
|
113,170
|
$
|
27,145
|
$
|
254,570
|
$
|
45,504
|
|||||||
COST
OF SALES
|
70,068
|
20,382
|
175,571
|
45,639
|
|||||||||||
Gross
Profit
|
43,102
|
6,763
|
78,999
|
(135
|
)
|
||||||||||
EXPENSES
|
|||||||||||||||
Sales
|
63,370
|
92,002
|
126,488
|
187,536
|
|||||||||||
Product
development
|
72,346
|
103,520
|
138,865
|
210,124
|
|||||||||||
Corporate
|
158,916
|
176,490
|
300,533
|
367,170
|
|||||||||||
Finance
and administrative
|
109,173
|
99,898
|
234,435
|
234,262
|
|||||||||||
Consultants
|
153,000
|
-
|
269,000
|
56,875
|
|||||||||||
Compensation
cost for re-pricing warrants
|
-
|
-
|
265,383
|
-
|
|||||||||||
Financing
expense
|
101,134
|
345,596
|
460,571
|
595,596
|
|||||||||||
Total
Expenses
|
657,939
|
817,506
|
1,795,275
|
1,651,563
|
|||||||||||
LOSS
FROM OPERATIONS
|
(614,837
|
)
|
(810,743
|
)
|
(1,716,276
|
)
|
(1,651,698
|
)
|
|||||||
OTHER
INCOME (EXPENSE)
|
|||||||||||||||
Interest
expense
|
(48,548
|
)
|
(28,175
|
)
|
(88,687
|
)
|
(54,717
|
)
|
|||||||
Other
income
|
-
|
-
|
-
|
-
|
|||||||||||
Interest
income
|
-
|
-
|
-
|
6
|
|||||||||||
Impairment
of long lived assets
|
-
|
-
|
-
|
-
|
|||||||||||
Total
Other Income and Expense
|
(48,548
|
)
|
(28,175
|
)
|
(88,687
|
)
|
(54,711
|
)
|
|||||||
LOSS
BEFORE TAXES
|
(663,385
|
)
|
(838,918
|
)
|
(1,804,963
|
)
|
(1,706,409
|
)
|
|||||||
INCOME
TAX EXPENSE
|
-
|
-
|
-
|
-
|
|||||||||||
NET
LOSS
|
$
|
(663,385
|
)
|
$
|
(838,918
|
)
|
$
|
(1,804,963
|
)
|
$
|
(1,706,409
|
)
|
|||
BASIC
AND DILUTED NET LOSS PER SHARE
|
$
|
(0.04
|
)
|
$
|
(0.06
|
)
|
$
|
(0.11
|
)
|
$
|
(0.12
|
)
|
|||
WEIGHTED
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING,
|
|||||||||||||||
BASIC
AND DILUTED
|
16,553,381
|
14,363,525
|
16,453,927
|
14,308,880
|
Six
Months Ended
|
||||||||
September
30,
|
||||||||
2009
|
2008
|
|||||||
CASH
FLOWS FROM OPERATING ACTIVITIES
|
||||||||
Net
loss
|
$
|
(1,804,963
|
)
|
$
|
(1,706,409
|
)
|
||
Depreciation
and amortization
|
32,747
|
33,468
|
||||||
Stock
issued for services
|
221,000
|
-
|
||||||
Stock
options granted and warrants issued
|
78,868
|
313,490
|
||||||
Stock
options re-priced for services
|
265,383
|
-
|
||||||
Discount
on note payable
|
368,569
|
398,742
|
||||||
Adjustments
to reconcile net loss to net cash used by operations:
|
||||||||
Decrease
(increase) in accounts receivable
|
(60,251
|
)
|
(6,380
|
)
|
||||
Decrease
(increase) in prepaid expenses
|
(62,280
|
)
|
71,551
|
|||||
Decrease
(increase) in inventory
|
22,354
|
18,712
|
||||||
Decrease
in trade secrets
|
-
|
-
|
||||||
Decrease
(increase) in deposits
|
9,965
|
17,365
|
||||||
Increase
(decrease) in accounts payable & accrued
expenses
|
(134,059
|
)
|
223,272
|
|||||
Increase
(decrease) in accrued interest payable
|
87,604
|
|||||||
Increase
(decrease) in wages payable
|
(35,501
|
)
|
-
|
|||||
Increase
(decrease) in discount on notes payable
|
-
|
-
|
||||||
Net
cash used by operating activities
|
(1,010,563
|
)
|
(670,919
|
)
|
||||
CASH
FLOWS FROM INVESTING ACTIVITIES
|
||||||||
Net
cash provided (used) in investing activities
|
-
|
-
|
||||||
CASH
FLOWS FROM FINANCING ACTIVITIES
|
||||||||
Proceeds
from notes payable
|
1,114,334
|
-
|
||||||
Payment
of notes payable
|
(89,529
|
)
|
228,000
|
|||||
Proceeds
from the sale of common stock and warrants
|
-
|
100,000
|
||||||
Proceeds
from the re-pricing of warrants
|
-
|
-
|
||||||
Net
cash provided by financing activities
|
1,024,805
|
328,000
|
||||||
NET
INCREASE (DECREASE) IN CASH
|
14,242
|
(342,919
|
)
|
|||||
CASH
- Beginning of period
|
11,231
|
351,627
|
||||||
CASH
- End of period
|
$
|
25,473
|
$
|
8,708
|
||||
SUPPLEMENTAL
CASH FLOW DISCLOSURES:
|
||||||||
Interest
expense
|
$
|
1,083
|
$
|
-
|
||||
Income
taxes
|
$
|
-
|
$
|
-
|
September
30,
|
March
31,
|
|||||||
2009
|
2008
|
|||||||
Estimated
net operating loss carry forward
|
$
|
31,403,000
|
$
|
29,598,000
|
||||
Deferred
tax asset
|
$
|
10,677,000
|
$
|
10,063,000
|
||||
Deferred
tax asset valuation allowance
|
(10,677,000
|
)
|
(10,063,000
|
)
|
||||
Net
deferred tax asset
|
$
|
-
|
$
|
-
|
September
30,
|
March
31,
|
|||||||
2009
|
2009
|
|||||||
Office
Equipment
|
$
|
51,347
|
$
|
51,347
|
||||
Furniture
& Fixtures
|
11,825
|
11,825
|
||||||
Marketing/Trade
Show Equipment
|
2,659
|
2,659
|
||||||
Manufacturing
Equipment
|
195,138
|
195,138
|
||||||
Laboratory
Equipment
|
139,862
|
139,138
|
||||||
Capitalized
Software
|
3,210
|
3,210
|
||||||
404,041
|
382,230
|
|||||||
Allowance
for Depreciation and amortization
|
(238,423
|
)
|
(205,676
|
)
|
||||
Fixed
Assets, net
|
$
|
165,618
|
$
|
198,365
|
September
30,
|
March
31,
|
|||||||
2009
|
2009
|
|||||||
Raw
material
|
$
|
-
|
$
|
22,354
|
||||
Finished
goods
|
-
|
-
|
||||||
Allowance
for obsolescence
|
-
|
-
|
||||||
Inventory,
net
|
$
|
-
|
$
|
22,354
|
September
30, 2009
|
March
31,
2009
|
|||||||
7%
note due July 8, 2010 payable to ANPG Lending, LLC
|
$
|
1,500,000
|
$
|
1,500,000
|
||||
8%
notes due from April 7, 2010 through September 22, 2010 payable to
unrelated individuals
|
1,060,000
|
-
|
||||||
6%
notes due on or before May 10, 2009 payable to our CEO
|
93,700
|
102,210
|
||||||
6%
notes due on or before February 24, 2009 payable to Arthur Douglas &
Associates
|
85,000
|
85,000
|
||||||
5.95%
note due in 10 installments of $5,583 payable to FlatIron
Capital
|
38,315
|
-
|
||||||
6%
notes due December 29, 2008 payable to our CFO
|
6,000
|
6,000
|
||||||
10%
note due April 8, 2009 payable to an unrelated individual
|
-
|
25,000
|
||||||
10%
note due September 10, 2009 payable to an unrelated
individual
|
-
|
20,000
|
||||||
10%
note due September 24, 2009 payable to an unrelated
individual
|
-
|
20,000
|
||||||
Discount
on notes payable
|
(238,839
|
)
|
(273,853
|
)
|
||||
$
|
2,544,176
|
$
|
1,484,357
|
Payments
Due by Period
|
||||||||||||||||||
Contractual
Obligations
|
Total
|
Less
than 1 year
|
1-3
years
|
4-5
years
|
After
5 years
|
|||||||||||||
Office
Lease
|
$
|
99,960
|
$
|
32,340
|
$
|
67,620
|
$
|
-
|
$
|
-
|
||||||||
Total
Contractual Cash Obligations
|
$
|
99,960
|
$
|
32,340
|
$
|
67,620
|
$
|
-
|
$
|
-
|
Number
of
Shares
Under Warrants
|
Exercise
Price
Per
Share
|
Weighted
Average
Exercise
Price
|
||||||||||
Warrants
issued and exercisable at: March 31, 2008
|
7,940,342
|
$
|
.87-5.00
|
$
|
2.25
|
|||||||
Warrants
issued
|
626,600
|
0.20-0.88
|
1.97
|
|||||||||
Warrants
expired
|
(248,928
|
)
|
5.00
|
5.00
|
||||||||
Warrants
exercised
|
(675,000
|
)
|
0.20
|
0.20
|
||||||||
Warrants
issued and exercisable at: March 31, 2009
|
7,643,014
|
$
|
0.20-5.00
|
$
|
2.25
|
|||||||
Warrants
issued
|
2,421,500
|
0.75
|
0.75
|
|||||||||
Warrants
expired
|
(3,914
|
)
|
5.00
|
5.00
|
||||||||
Warrants
exercised
|
-
|
-
|
-
|
|||||||||
Warrants
issued and exercisable at: September 30, 2009
|
10,060,600
|
$
|
0.20-5.00
|
$
|
1.27
|
Outstanding
and Exercisable
|
|||||||||||
Range
of Exercise Price
|
Number
of
Shares
Under
Warrants
|
Weighted
Average
Remaining
Contract
Life in
Years
|
Weighted
Average
Exercise
Price
|
||||||||
$
|
0.20
– 2.50
|
2,762,500
|
0.47
|
$
|
1.28
|
||||||
$
|
0.20
|
250,000
|
2.25
|
0.20
|
|||||||
$
|
0.20
– 2.70
|
4,352,272
|
3.03
|
1.74
|
|||||||
$
|
0.20
- 0.88
|
2,695,828
|
4.64
|
.67
|
|||||||
Total
|
10,060,600
|
2.46
|
1.27
|
Shares
Under
Options
Outstanding
|
Weighted
Average
Exercise
Price
|
|||||||
Options
outstanding at March 31, 2008
|
2,676,455
|
$
|
2.73
|
|||||
Options
granted
|
42,000
|
0.63
|
||||||
Options
expired
|
(1,169,903
|
)
|
3.01
|
|||||
Options
exercised
|
-
|
-
|
||||||
Options
outstanding at March 31, 2009
|
1,548,552
|
2.49
|
||||||
Options
granted
|
1,390,000
|
0.24
|
||||||
Options
expired
|
-
|
-
|
||||||
Options
exercised
|
-
|
-
|
||||||
Options
outstanding at September 30, 2009
|
2,938,552
|
$
|
1.42
|
Options
Exercisable
|
Weighted
Average
Exercise
Price
per
Share
|
|||||||
Options
exercisable at March 31, 2009
|
1,548,552
|
$
|
2.49
|
|||||
Options
exercisable at September 30, 2009
|
1,456,052
|
$
|
2.51
|
Range
of
Exercise
Price
|
Number
Outstanding
at
September
30,
2009
|
Weighted
Average
Remaining
Contractual
Life
Years
|
Weighted
Average
Exercise
Price
(Total
Shares)
|
Number
Exercisable
At
September
30,
2009
|
Weighted
Average
Exercise
Price
(Exercisable
Shares)
|
|||||||||||||||||
$
|
3.40
|
63,854
|
5.09
|
$
|
3.40
|
63,854
|
$
|
3.40
|
||||||||||||||
$
|
5.00
|
72,333
|
1.13
|
$
|
5.00
|
72,333
|
$
|
5.00
|
||||||||||||||
$
|
1.61
- 2.95
|
22,365
|
6.71
|
$
|
2.06
|
22,365
|
$
|
2.06
|
||||||||||||||
$
|
2.00
- 2.85
|
1,390,000
|
3.80
|
$
|
2.32
|
1,297,500
|
$
|
2.33
|
||||||||||||||
$
|
0.24
|
1,390,000
|
9.59
|
$
|
0.24
|
-
|
$
|
-
|
||||||||||||||
$
|
0.63
- 5.00
|
2,938,552
|
6.52
|
$
|
1.42
|
1,456,052
|
$
|
2.51
|
·
|
They
kill a wide range of infectious microorganism, including
MRSA;
|
·
|
They
minimize harmful effects to people and do not cause skin, eye, pulmonary,
oral or dermal irritation;
|
·
|
They
are non-corrosive (EnviroTru®/EnviroTru®
1453 are included in the Boeing Qualified Products List (QPL) and conform
with AMS-1452A, 1453 & D6-7127 Aircraft Corrosion Specifications);
and
|
·
|
Surface
care products - disinfectants, sanitizers and cleaners (including
wipes);
|
·
|
Geo-Biocides
– biocides for use in the oil and gas
industry.
|
·
|
Animal
care products - skin and hoof care treatment and animal
shampoo;
|
·
|
Personal
care products – antimicrobial hand soaps, hand sanitizers and facial
scrubs (including wipes); and
|
·
|
EnviroTru®
Disinfectant &
Cleaner Deodorizer, which is a
multi-purpose, ready-to-use disinfectant, sanitizer and deodorizing
cleaner for use on hard surfaces. EnviroTru®
is effective against numerous organisms without causing any adverse
effects to surfaces, humans or the environment. EnviroTru®
is registered by the Environmental Protection Agency (EPA) and meets EPA
requirements for Toxicity Category IV (minimal effects noted, no
precautionary or first aid statements required; no harmful dermal, ocular,
inhalation or ingestion effects). EnviroTru®
also conforms to AMS 1452A, AMS 1453 and Boeing D6-7127 specifications for
non-corrosion and materials compatibility. EnviroTru®
has no special handling requirements, does not require protective
clothing, gloves or special ventilation and is
non-flammable.
|
·
|
EnviroTru® 1453 Disinfectant & Cleaner
Deodorizer, which is a
multi-purpose, ready-to-use disinfectant, sanitizer and deodorizing
cleaner for use on aircraft hard surfaces, including exterior and interior
surfaces such as cabins, toilets, sinks, faucets, counter tops and luggage
compartments. EnviroTru®1453
conforms to AMS 1452A, AMS 1453 and Boeing D6-7127 specifications for
non-corrosion and materials compatibility. EnviroTru®1453
is registered by the Environmental Protection Agency (EPA) and meets EPA
requirements for Toxicity Category IV (minimal effects noted, no
precautionary or first aid statements required; no harmful dermal, ocular,
inhalation or ingestion effects). EnviroTru®1453
has no special handling requirements, does not require protective
clothing, gloves or special ventilation and is
non-flammable.
|
·
|
SurfaceTru™ Deodorizing Cleaner,
which is a powerful, multi-purpose cleaner and deodorizer that’s safe for
use on a variety of surfaces. SurfaceTru™ is effective for
removing dirt and grime and is gentle to application surfaces, safe for
the user and friendly to the environment. It has no special handling
requirements, does not require protective clothing, gloves or special
ventilation and is non-flammable.
|
·
|
SurfaceTru™ Cleaning & Deodorizing
Wipes, which are powerful cleaning and deodorizing wipes that are
packaged in their own individual foil wrappers for easy portability. Each
wipe opens to a large, 9” x 8” durable cloth with a smooth finish that can
be conveniently used on a variety of surfaces. SurfaceTru™ Wipes can be
carried with you for use when an immediate need for an effective, yet
gentle cleaner arises.
|
·
|
Electrostatic
Sprayers. In addition to the foregoing products,
we also market electrostatic sprayers produced by Electrostatic Spraying
Systems, Inc. (“ESS”) which may be used
to apply our liquid surface care products to the target surfaces.
Electrostatic sprayers provide superior spray coverage by more effectively
dispensing solutions compared to conventional sprayers; tests have
demonstrated 4-10 times better coverage. Electrostatic sprayers operate by
producing highly charged spray droplets using a unique embedded induction
electrode design. This induction charging results in spray droplets that
have a force of attraction that is 75 times that of gravity. This means
droplets will reverse direction and move upwards, against gravity, to coat
hidden surfaces, and wrap around objects resulting in complete, even
coverage of the target. When using an electrostatic sprayer it is possible
to deliver ESI’s liquid disinfectants and cleaners to difficult to reach
locations that may harbor disease-causing
microorganisms.
|
Three
Months Ended September 30,
|
||||||||
Products
|
2009
|
2008
|
||||||
Electro-Static
Sprayer
|
3.89
|
%
|
17.68
|
%
|
||||
SurfaceTru® Cleaning &
Deodorizing Wipes
|
0.28
|
%
|
21.01
|
%
|
||||
EnviroTru® and EnviroTru
1453®
|
95.66
|
%
|
57.55
|
%
|
||||
EquineTru®
|
0.17
|
%
|
3.76
|
%
|
·
|
Sales
expense decrease of $28,632 or 31.12% for the three months ended September
30, 2009 and 2008
|
·
|
Product
development expense decrease of $31,174 or 30.11% for the three months
ended September 30, 2009 and 2008
|
·
|
Corporate
expense decrease of $17,574 or 9.96% for the three months ended September
30, 2009 and 2008
|
·
|
Finance
and administrative expense increase of $9,275 or 9.28% for the three
months ended September 30, 2009 and
2008
|
·
|
Consultant
expense increase of $153,000 or 100.00% for the three months ended
September 30, 2009 and 2008
|
·
|
Financing
expense decrease of $244,462 or 70.74% for the three months ended
September 30, 2009 and 2008
|
Six
Months Ended September 30,
|
||||||||
Products
|
2009
|
2008
|
||||||
Electro-Static
Sprayer
|
9.27
|
%
|
10.55
|
%
|
||||
SurfaceTru® Cleaning &
Deodorizing Wipes
|
0.25
|
%
|
42.88
|
%
|
||||
EnviroTru® and EnviroTru
1453®
|
90.04
|
%
|
43.03
|
%
|
||||
EquineTru®
|
0.44
|
%
|
3.54
|
%
|
·
|
Sales
expense decrease of $61,048 or 32.55% for the six months ended September
30, 2009 and 2008
|
·
|
Product
development expense decrease of $71,259 or 33.91% for the six months ended
September 30, 2009 and 2008
|
·
|
Corporate
expense decrease of $66,637 or 18.15% for the six months ended September
30, 2009 and 2008
|
·
|
Consultant
expense increase of $212,125 or 272.97% for the six months ended September
30, 2009 and 2008
|
·
|
Compensation
cost for re-pricing warrants increase of $265,383 for the six months ended
September 30, 2009 and 2008
|
·
|
Financing
expense decrease of $135,025 or 22.67% for the six months ended September
30, 2009 and 2008
|
Payments
Due by Period
|
||||||||||||||||||
Contractual
Obligations
|
Total
|
Less
than 1 year
|
1-3
years
|
4-5 years
|
After
5 years
|
|||||||||||||
Office
Lease
|
$
|
99,960
|
$
|
32,340
|
$
|
67,620
|
$
|
-
|
$
|
-
|
||||||||
Total
Contractual Cash Obligations
|
$
|
99,960
|
$
|
32,340
|
$
|
67,620
|
$
|
-
|
$
|
-
|
Exhibit
31.1
|
||
Exhibit
31.2
|
||
Exhibit
32.1
|
Anpath
Group, Inc.
|
|
November
16, 2009
|
By:
/s/ J. Lloyd
Breedlove
|
J.
Lloyd Breedlove
President,
Chief Executive Officer (Principal Executive
Officer)
|
Exhibit
31.1
|
||
Exhibit
31.2
|
||
Exhibit
32.1
|