GOING CONCERN
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9 Months Ended |
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Sep. 30, 2012
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN |
NOTE 3 GOING CONCERN
As reflected in the accompanying financial statements, the Company had an accumulated deficit of $3,112,986 at September 30, 2012 and had a net loss of $651,010 and net cash used in operating activities of $363,740 for the nine months ended September 30, 2012.
While the Company is attempting to commence operations and generate 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 a public or private offering. 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. |