Mullan Agritech, Inc. | 2013 | FY | 3


NOTE 2—DEVELOPMENT STAGE COMPANY
 
The Company has not generated significant revenues to date; accordingly, the Company is considered a development stage enterprise as defined in the Accounting Standards Codification (“ASC”) 915, "Development Stage Entities", issued by the Financial Accounting Standards Board (“FASB.”) The Company is subject to a number of risks similar to those of other companies in an early stage of development.

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