Design Source Inc. announced earnings results for the first quarter ended June 30, 2009. The company reported net loss for the quarter was $35,476, down from $20,248 for the same quarter the previous year.

Design Source Inc. filed its 10-K on June 29, 2009 for the period ending March 31, 2009. In this report its auditor, Sherb & Co., LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Design Source Inc. plans to raise funds. The firm said, The Company has minimal operating costs and expenses at the present time due to its limited business activities. The Company, however, will be required to raise additional capital over the next twelve months to meet its current administrative expenses, and may do so in connection with or in anticipation of possible acquisition transactions. This financing may take the form of additional sales of equity securities and/or loans from directors.