The Company is evaluating its cash needs and existing and forecasted cash utilization rate and plans to raise additional debt or equity capital in the short term to provide funding for ongoing future operations.
The Company believes that when sufficient funding is received, this paragraph will be removed from its financial statements.
The Company also reported shareholders' equity of more than $9.6 million for the year then ended. Our Annual Report on Form 10-KSB may be accessed and examined at www.sec.gov, the SEC's website.
House of Taylor Jewelry Inc is a Los Angeles-based international jewelry company whose principal shareholders include Dame Elizabeth Taylor, Kathy Ireland and members of the Abramov family.
It serves fine jewelry retailers worldwide with diverse jewelry collections marketed under the brands Elizabeth Collection, House of Taylor Jewelry, and Kathy Ireland Jewelry, exclusively for House of Taylor Jewelry.
House of Taylor Jewelry Inc
marketing@alchempro.com
