This report contains forward-looking statements within the meaning of Section 29a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from historical or anticipated results. You should not place undue reliance on such forward-looking statements, and, when considering such forward-looking statements, you should keep in mind the risk factors noted in this report, including the section of this report entitled "Risks Related to Our Business and Operations." You should also keep in mind that all forward-looking statements are based on management's existing beliefs about present and future events outside of management's control and on assumptions that may prove to be incorrect. The following discussion and analysis should be read in conjunction with the Company's financial statements and notes thereto, which are included elsewhere in this report.
Overview
Sector 10 has developed and seeks to market pre-deployed emergency and disaster
response equipment with the world's first patented Stationary Response Units
(SRU) and Mobile Response Units (MRU). Sector 10 has patents issued in
The Company's cash balance is insufficient to satisfy the Company's cash
requirements for the next 12 months. Due to issues surrounding
Going Concern Qualification
Our notes to the financial statements disclose that the cash flow of the Company
has been absorbed in operating activities, has incurred net losses for the
fiscal year and has a working capital deficiency. Due to the pending litigation
and the current restructuring, the Company operations are not likely to produce
positive cash flow until at least the end of the fiscal year ended
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Results of Operations
Nine Months Ended
Revenues -
The Company had no revenues for the nine months ended
The Company had no revenues for the nine months ended
Other Income-
The Company had no other income for the nine months ended
The Company had no other income for the nine months ended
Operating Expenses -
The Company had no operating expenses for the nine months ended
The Company had no operating expenses for the nine months ended
General and Administrative Expenses -
General and administrative expenses were
General and administrative expenses were
Depreciation Expense -
Depreciation expense for the nine months ended
Depreciation expense for the nine months ended
Interest Expense -
Interest expense for the nine months ended
Interest expense for the nine months ended
Three Months Ended
Revenues -
The Company had no revenues for the three months ended
The Company had no revenues for the three months ended
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Other Income-
The Company had no other income for the three months ended
The Company had no other income for the three months ended
Operating Expenses -
The Company had no operating expenses for the three months ended
The Company had no operating expenses for the three months ended
General and Administrative Expenses -
General and administrative expenses were
General and administrative expenses were
Depreciation Expense -
Depreciation expense for the three months ended
Depreciation expense for the three months ended
Interest Expense -
Interest expense for the three month period ended
Interest expense for the three month period ended
Liquidity and Capital Resources
As of
Total Assets -
The Company had
Working capital -
As of this filing date, the Company is in the process of restructuring its
operations in order to raise capital and continue in its efforts to manufacture
and distribute its products. The restructuring is not expected to be completed
by the end of the fiscal year ended
Our auditors are of the opinion that our continuation as a going concern is in doubt. Our continuation as a going concern is dependent upon continued financial support from our shareholders and other related parties.
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