Liabilities/Capitalization. The Company does not have as of the Effective Date in excess of $25,000 of liabilities in the aggregate (other than obligations of the Company arising from trade payables incurred in the ordinary course of business. The Company's capitalization of outstanding equity is less than $100,000.
Appears in 4 contracts
Samples: Convertible Note Purchase Agreement (Stocosil Inc.), Convertible Note Purchase Agreement (Stocosil Inc.), Convertible Note Purchase Agreement (Stocosil Inc.)