SECTOR 10, INC. This report contains forward-looking statements within the meaning of Section 29a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from historical or anticipated results. You should not place undue reliance on such forward-looking statements, and, when considering such forward-looking statements, you should keep in mind the risk factors noted in this report, including the section of this report entitled "Risks Related to Our Business and Operations." You should also keep in mind that all forward-looking statements are based on management's existing beliefs about present and future events outside of management's control and on assumptions that may prove to be incorrect. The following discussion and analysis should be read in conjunction with the Company's financial statements and notes thereto, which are included elsewhere in this report.
Overview
The Company markets the MRU and SRU products and the PLX-3D technology. In 2009,
the Company was planning to release the technology and its MRU and SRU products
in
In 2009, the Company had a dispute with the outside Manufacturer which led to
litigation. The litigation has been settled as of
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9
--------------------------------------------------------------------------------Going Concern Qualification
Our notes to the financial statements disclose that the Company has generated no
revenue or cash flow, has incurred net losses for the fiscal year and has a
working capital deficiency. Due to the impact of the prior litigation, the
Company operations are not likely to produce positive cash flow until at least
the end of the fiscal year ended
Results of Operations
Nine Months Ended
Revenues -
The Company had no revenues for the nine months ended
The Company had no revenues for the nine months ended
Other Income-
Other Income for the nine months ended
The Company had no other income for the nine months ended
Operating Expenses -
The Company had no operating expenses for the nine months ended
The Company had no operating expenses for the nine months ended
General and Administrative Expenses -
General and administrative expenses were
General and administrative expenses were
Depreciation Expense -
Depreciation expense for the nine months ended
Depreciation expense for the nine months ended
Interest Expense -
Interest expense for the nine month period ended
Interest expense for the nine months ended
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Three Months Ended
Revenues -
The Company had no revenues for the three months ended
The Company had no revenues for the three months ended
Other Income-
Other Income for the three months ended
The Company had no other income for the three months ended
Operating Expenses -
The Company had no operating expenses for the three months ended
The Company had no operating expenses for the three months ended
General and Administrative Expenses -
General and administrative expenses were
General and administrative expenses were
Depreciation Expense -
Depreciation expense for the three months ended
Depreciation expense for the three months ended
Interest Expense -
Interest expense for the three month period ended
Interest expense for the three month period ended
Liquidity and Capital Resources
As of
Total Assets -
The Company had no assets as of
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--------------------------------------------------------------------------------Working capital -
As of this filing date, the Company is in the midst of litigation and in the
process of restructuring its operations in order to raise capital and continue
in its efforts to manufacture and distribute its products. The restructuring
will not be complete until the litigation has been completed. Potential funding
for operations is not expected until sometime in the fiscal year ended
Our auditors are of the opinion that our continuation as a going concern is in doubt. Our continuation as a going concern is dependent upon continued financial support from our shareholders and other related parties. THE FINANCIAL STATEMENTS, RELATED NOTES AND THE OTHER INFORMATION INCLUDED IN THIS REPORT HAVE NOT BEEN REVIEWED BY THE COMPANY'S OUTSIDE ACCOUNTANT PRIOR TO THE FILING OF THIS REPORT.
Total Liabilities -
Current liabilities as of
Long term liabilities as of
Total liabilities as of
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