aus dem letzten Quartalsbericht: www.sec.gov/Archives/edgar/data/1289496/000111650209001282/cord10q.htm
Common Stock On March 25, 2009, the Company’s Articles of Incorporation were amended to increase the authorized common stock to 6,945,000,000 shares, par value $0.0001, up from 950,000,000. This amendment was adopted by the Company’s Board of Directors on February 12, 2009, and its Shareholders at a Special Meeting of Shareholders called for this purpose on March 23, 2009. During the first six months ending June 30, 2009, a warrant holder exercised a portion of their warrants, or 31,449,102 shares at an exercise price of $0.0086, providing approximately $270,462 of cash. Also, certain of the Company’s note holders converted a total of $5.0 million of debt in exchange for approximately 1,620 million shares. The Company received services from consultants in exchange for the issuance of approximately 72 million shares. As of June 30, 2009 CBAI had 2,257,917,750 shares of Common Stock outstanding. An additional 7,266,667 shares has been issued and remains in the Company’s treasury. Number of shares of Cord Blood America, Inc. common stock, $0.0001 par value, outstanding as of August 10, 2009: 2,611,087,327. Liquidity and Capital Resources We have experienced net losses of $3.6 million and $3.7 million for the six months ended June 30, 2009 and 2008, respectively. At June 30, 2009, we had $324,549 in cash. We currently collect cash receipts from operations through both of our subsidiaries: Cord and Rain. Cord's cash flows from operations are not currently sufficient to fund operations in combination with its corporate expenses. Because of this shortfall, we have had to obtain additional capital through other sources as discussed in Note 4, Notes and Loans Payable. Since inception, we have financed cash flow requirements through the issuance of common stock and warrants for cash, services and loans. As we expand our operational activities, we will likely continue to experience net negative cash flows from operations. Debt repaid through issuance of common stock | | $ | 4,994,818 |
Total current liabilities | | | 9,036,573 |
|
Thread abonnieren
