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SENY > SEC Filings for SENY > Form 10-Q on 17-Apr-2013All Recent SEC Filings

Show all filings for SAUER ENERGY, INC. | Request a Trial to NEW EDGAR Online Pro

Form 10-Q for SAUER ENERGY, INC.


17-Apr-2013

Quarterly Report


Item 2 - Management's Discussion and Analysis or Plan of Operation

Overview

We caution you that reliance on any forward-looking statement involves risks and uncertainties, and that although we believe the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions could be incorrect. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans and objectives or projected financial results referred to in any of the forward-looking statements. We do not undertake to release the results of any revisions of these forward-looking statements to reflect future events or circumstances. Some of the factors that may cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements include the following:

RESULTS OF OPERATIONS

Six months ended February 29, 2012 v. Six months ended February 28, 2013

Now that we are transitioning out of the development stage, research and development expenses have been replaced by commitment fees as the greatest expense over the last six month period ($-0- for the six months ended February 29, 2012 and $445,000 for the six months ended February 28, 2013). Research and development expenses have decreased ($100,585 for the six months ended February 29, 2012 and $52,852 for the six months ended February 28, 2013). Other expenses include consulting, ($193,395 for the six months ended February 29, 2012 and $58,694 for the six months ended February 28, 2013); professional fees, ($62,127 for the six months ended February 29, 2012 and $40,907 for the six months ended February 28, 2013); and other general and administrative expenses, ($150,165 for the six months ended February 29, 2012 and $136,905 for the six months ended February 28, 2013). We had a net loss of $(506,272) or $(0.00) per share for the six months ended February 29, 2012 which increased to $(734,358) or $(0.01) per share for the six months ended February 28, 2013. As we transition from research and development to early stage manufacturing during calendar 2013, we anticipate that our research and development expenses and consulting expenses will continue to decrease while other expenses by category will continue to fluctuate, and we will begin to approach a time when we can recognize revenue from sales and material and manufacturing costs will be incurred.

LIQUIDITY AND CAPITAL RESOURCES

Net cash flows used in operating activities for the six months ended February 28, 2013 was $717,708. Net cash flows used in investing activities for the six months ended February 28, 2013 was $429,426. These cash flows were offset by net proceeds of $1,123,520 provided from financing activities, principally the sale of stock. We had cash resources of $22,766 at February 28, 2013, and intend to rely on the sale of stock and warrants in private placements to increase liquidity to enable us to execute on our plan to manufacture and market vertical axis wind turbines. As reported on a Current Report on Form 8-K filed on January 4, 2013, we have entered into an Equity Credit Agreement from which we anticipate raising substantial additional cash resources, but there can be no assurance that this will occur. If we are unable to raise cash through the sale of our stock, we may be required to severely restrict our operations.

Critical Accounting Policies

Financial Reporting Release No. 60 of the SEC encourages all companies to include a discussion of critical accounting policies or methods used in the preparation of the financial statements. There are no current revenue-generating activities that give rise to significant assumptions or estimates. Our financial statements filed as part of our May 29, 2012 Quarterly Report on Form 10-Q include a summary of the significant accounting policies and methods used in the preparation of our financial statements.

Off-Balance Sheet Arrangements

We have never entered into any off-balance sheet financing arrangements and have not formed any special purpose entities. We have not guaranteed any debt or commitments of other entities or entered into any options on non-financial assets.

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