Ina disclosure filed with the US Securities & Exchange Commission the Nasdaq-listedcompany warned that there is “substantial doubt” about its ability to continueas a going concern and admitted its “existence is dependent on its ability toobtain necessary financing”.

“The company believes that its existingcash resources, combined with projected cash flows from operations, will not besufficient to execute its business plan and continue operations for the nexttwelve months without additional funding,” it told investors Friday.

“The