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Blue Mountain Eco Tours Inc.
·
S-1/A
Sep 20, 4:26 PM ET
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Blue Mountain Eco Tours Inc. S-1/A
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Contents
14
Liquidity and Capital Resources
As of June 30, 2013 we had no cash reserves, and a working capital deficit of $26,733 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 $9,793 for the six months ended June 30, 2013 (2012: $4,747). From our inception on December 13, 2010 to June 30, 2013 we have used $45,169 in operating activities. The increase in the amount of cash used for operating activities was attributed to the fact that our net losss decreased during 2013.
Cash from Financing Activities
We raised $9,750 of funds in financing activities from net borrowings for the six months ended June 30, 2013 compared to $2,969 raised from net borrowings for the same period in 2012. From our inception on December 13, 2010 to June 30, 2013 we have raised $45,169 in financing activities from net borrowings of $15,219 and sales of our common stock of $29,950.
Changes In and Disagreements with Accountants
Liquidity and Capital Resources
As of June 30, 2013 we had no cash reserves, and a working capital deficit of $26,733 compared to December 31, 2012 with cash reserves of $43 and a working capital deficit of $22,635.
Directors, Executive Officers, Promoters and Control Persons
Security Ownership of Certain Beneficial Owners and Management
Certain Relationships and Related Transactions
Disclosure of Commission Position of Indemnification for
Securities Act of 1933 Liabilities
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