/disclosure from the most recent 10-Q:
Going concern issue
The Company’s cash and available credit are not sufficient to support its operations for the next year. Accordingly, management needs to seek additional financing. As stated above, on July 8, 2010, the Company entered into a non-exclusive placement agreement with Stonegate Securities, Inc., a Texas corporation, to raise capital via a private placement to be executed in the near future. Due to current global sentiment towards alternative energy and fuel efficiency in the HEV/EV markets, management is in active discussions with Stonegate about the potential to raise approximately $10,000,000-$12,000,000 in 2011 to fund continued development and commercialization of products in the heavy duty truck market. In addition, In May, 2011 the Company engaged Cappello Capital in a financial advisory capacity to aid the company with potential capital transactions including; private placements, strategic alliances and sales and recapitalization.