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Blue Mountain Eco Tours Inc.
|
S-1/A
Aug 2, 5:17 PM ET
Blue Mountain Eco Tours Inc. S-1/A
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Contents
6
Liquidity and Capital Resources
As of March 31, 2013 we had cash reserves of $19, and a working capital deficit of $23,459 compared to December 31, 2012 with cash reserves of $43 and a working capital deficit of $22,635.
Cash Used in Operating Activities
Cash used in operating activities was $24 for the three months ended March 31, 2013 (2012: $1,878). From our inception on December 13, 2010 to March 31, 2013 we have used $35,399 in operating activities. The decrease in the amount of cash used for operating activities was attributed to the fact that the Company had limited amounts of cash flow for operating activities.
Cash from Financing Activities
We did no raise any funds in financing activities for the three months ended March 31, 2012 as well as the three months ended March 31, 2012. From our inception on December 13, 2010 to March 31, 2013 we have raised $35,419 in financing activities from net borrowings of $5,469 and sales of our common stock of $29,950.