GOING CONCERN
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6 Months Ended |
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Jun. 30, 2013
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Notes to Financial Statements | |
GOING CONCERN |
NOTE 3 GOING CONCERN
As reflected in the accompanying financial statements, the Company has an accumulated deficit as of June 30, 2013 of $3,983,618, a working capital deficit of $148,123 and incurred a net loss of $654,499 for the six months ended June 30, 2013.
While the Company has commenced operations and is generating revenues, the Companys cash position may not be significant enough to support the Companys daily operations. Management intends to raise additional funds by way of debt and equity financing. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Companys ability to further implement its business plan and generate revenues.
The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |