Yummies Inc. reported that net loss for the third quarter ended June 30, 2009 was $2,486, down from $840 for the same quarter 2008.

Yummies Inc. said in Form 10-Q filed with Securities and Exchange Commission (SEC), “At June 30, 2009, assets consisted of $5,330 in cash. Liabilities consisted of $3,200 in accounts payable, $2,200 in accrued interest, a note payable of $3,775, and a $16,000 note payable to two stockholders, for total liabilities of $25,175, leaving the Company without any working capital.” It added, “Currently, the Company has no material commitments for capital expenditures. Management anticipates that operating expenses for the next twelve months will be approximately $5,000 to $7,000. Management understands that it does not have sufficient cash to meet its immediate operational needs and will require additional capital to cover ongoing operating expenses. Management may attempt to raise additional capital for its current operational needs through loans from its officers or shareholders, debt financing, equity financing or a combination of financing options. However, there are no existing understandings, commitments or agreements for such an infusion; nor can there be assurances to that effect.”

Yummies Inc. filed its 10KSB on December 22, 2008 for the period ending September 30, 2008. In this report its auditor, Burnham & Schumm, P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern.