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SENY > SEC Filings for SENY > Form 10-K on 13-Dec-2013All Recent SEC Filings

Show all filings for SAUER ENERGY, INC.

Form 10-K for SAUER ENERGY, INC.


13-Dec-2013

Annual Report


ITEM 7. MANAGEMENT'S DISCUSSION and ANALYSIS of FINANCIAL CONDITIONS and
REULTS 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

Fiscal Year 2013 vs. Fiscal Year 2012

Operations

We have not realized any revenue through August 31, 2013. Our operating expenses decreased from $1,713,636 for FY 2012 to $1,334,501 in FY 2013 primarily as a result of fees related to FY 2012 expenses in connection with the Helix Wind asset purchase, equipment purchases for manufacturing, research and development fees and professional fees. These decreases in expenses resulted in our net loss decreasing from $1,713,636 in FY 2012 to $1,334,501 in FY 2013. We anticipate continued increased costs associated with increased levels of operation and our manufacturing and marketing processes which will begin in the current fiscal year.

LIQUIDITY AND CAPITAL RESOURCES

Net cash flows used in operating activities for the fiscal year ended August 31, 2013 was $74,076 which was offset by net proceeds of $480,000 from financing activities. We had $19,179 cash on hand at the end of the year ended August 31, 2013. This is not sufficient to fund our operations and we intend to rely on the sale of stock in private placements to increase liquidity. If we are unable to raise cash through the sale of our stock, we may be required to severely restrict our operations.

As of May 7, 2013 the Registrant entered into two agreements with Beaufort Ventures PLC, a United Kingdom company ("BVPLC"), an Equity Purchase Agreement (the "EPA") and a Registration Rights Agreement (the "RRA"). The two agreements we filed as exhibits to the Registratnt's Current Report on Form 8-K dated May 228, 2013 and the Registrant's Registration Statement on FCorm S-1 Number 333-189275 ordered effective September 23, 2013 and the following summary is qualified in its entirety by reference to such exhibits.

The agreements required the Registrant to file a registration statement for the common stock underlying the EPA. Subject to various limitations set forth in the EPA, BVPLC, after effectiveness of such registration statement, is required to purchase up to $1,500,000 worth of the Registrant's common stock at a price equal to 80% of the market price as determined under the EPA (prior ten trading days). The EPA provides for volume limitations on the amount of shares that BVPLC must purchase at any time and provides that the Registrant will be paid for the common stock upon electronic delivery of the shares to BVPLC. BVPLC bore the attorney fees relating to the Registration Statement and is not charging the Registrant any additional fees. The Registration Statement was filed by the Registrant and was ordered effective on September 23, 2013.

Funds realized through the EPA are being used by the Registrant as working capital for its operations. To date we have drawn down $193,799.65.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

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