RE: 15k7 Sep 2016 19:52
Going concern
We draw attention to the fact that as at 31 December 2015, the Group had accumulated losses of £1,859,800 (2014 restated: £1,007,879) and that the Group's total liabilities exceeded its assets by £68,833 (2014 restated: assets exceeded liabilities by £506,641).
The Group's consolidated cash balance at 31 December 2015 was £175,755 (2014: £247,986). The Group's capital management policy is to raise sufficient funding to finance the Group's near term expansionary operational and development activities. In April 2016 an additional £700,000 was raised through a share issue to new and existing shareholders and management believe that this will be sufficient to meet the Group working capital requirements for the 12 months from the date of approval of the Annual Report and Accounts
BELIEVE being the key word, it's clear enough they'll need more capital and soon to progress.