As at the Company’s liquidity is comprised of (as at ) in cash on hand and (as at ) of funds available to borrow under the PNC Revolving Credit Facility (as defined in Note ). In addition, the Company negotiated the Thirteenth Amendment to the PNC Facilities, which provides additional capital of up to (subject to a limit of in the aggregate for loans advanced for the purchase of equipment which will be located specifically in Mexico) to acquire capital equipment to support the Company’s growth primarily in the Mexico facility. The Company is in compliance with the financial covenants included in the PNC Facilities as at Based on management’s updated forecasted cash flows, the Company anticipates that it will continue to be in compliance with the amended financial covenants in the PNC Facilities for fiscal and beyond.  

 

Management believes that the Company will be able to satisfy its liquidity needs, for at least but limited to, the months from the issuance date of these financial statements.