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CONCRETE LEVELING SYSTEMS INC - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

June 13, 2014



Concrete Leveling Systems, Inc. ("CLS" or "The Company") became an operating company in 2009. As of April 30, 2014, CLS has cash assets of $641, accounts receivable in the amount of $4,495 and notes receivable in the amount of $60,559. As of April 30, 2014, the Company was carrying inventory valued at $13,802.

The Company's cash flow is currently not sufficient to maintain operations. However, the Company is receiving monthly payments from the self financed sale of its concrete leveling service units, which creates some cash flow for the Company. Mr. Edward A. Barth has continued to contact companies regarding the service unit, but did not receive any positive leads during the last quarter.

CLS continues to have cash flow issues. As of April 30, 2014, it had total current liabilities of $197,571, which includes advances from stockholders and notes and accounts payable to stockholders in the amount of $143,742. The company continues to experience negative income figures for the quarter. Mr. Barth continues to remain in contact with potential purchasers, who have expressed an interest in purchasing a service unit.

There are no off balance sheet arrangements involving CLS at this time.

Liquidity Issues. Since its inception, the Company has experienced continued need for additional liquidity in order to provide for operating expenses and to purchase components for the assembly of its product. The company maintains an inventory of one partially completed service unit. In the event the Company receives an order for a concrete leveling service unit, it will seek a down payment in an amount sufficient to complete the unit, in order not to have to borrow additional funds.

Capital Resources. CLS has made no material commitments for capital expenditures as of the end of its fiscal quarter ending April 30, 2014 and does not anticipate any immediate need for material capital expenditures over the next quarter.

Result of Operations. During the quarter ended April, 2014, the Company has experienced little activity. The Company has devoted a limited amount of its resources to marketing its product during the last quarter. Management has concentrated its efforts on field training for its current customers, in order to assure repayment of the outstanding receivables. At present, it is not in discussions with any potential buyers of its concrete leveling service units.


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Source: Edgar Glimpses


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