The following should be read in conjunction with our consolidated financial statements and the accompanying notes included in the financial statements.
FORWARD LOOKING STATEMENTS:
Certain statements contained in this report, including statements regarding the Company’s future and financing needs, the Company’s ability to obtain market acceptance of its products, and the competitive market for small generation business sales and other statements contained in this report regarding matters that are not historical facts, are forward-looking statements; actual results may differ materially from those set forth in forward-looking statements, which statements involve risks and uncertainties, including, without limitation, the risks and uncertainties set forth in the company’s registration statements and annual reports on the Form 10K under the heading “Risk Factors” or any other similar heading. Further, the historical performance of the Company should not be taken as an indicator of future performance and, as such, the future performance of the Company may differ significantly from historical performance.
REVENUES: Operating revenues for the three-month period ending
GENERAL AND ADMINISTRATIVE FEES: G&A fees for the three-month period ending
respectively, and for the six-month period ending
PROFESSIONAL EXPENSES: Professional expenses for the three-month period ending
OTHER INCOME (EXPENSES): Other income expenses for the three-month period ending
NET INCOME: Net income attributed to ordinary shareholders was
per basic and diluted share for the three-month period ending
CASH AND CAPITAL RESOURCES: AT
Net cash provided by operating activities for the six-month period ending
Net cash used in financing activities for the six-month period ending
OFF-BALANCE SHEET ARRANGEMENTS:
We currently have no off-balance sheet arrangements.
The Company continues its efforts to raise capital to support its operations and growth and is actively seeking an acquisition or merger with another company that would complement AOXY or increase its earnings potential. During this period, the Company has been in discussions with companies wishing to be acquired. AOXY did not negotiate any terms or offer any acquisition of any of these companies that were accepted. In addition, the Company is in discussions with potential lending institutions to help finance any proposed acquisition. The Company anticipates difficulty in financing the growth of the increased business or acquisition and has focused on raising capital and/or obtaining a line of credit.
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