GOING CONCERN |
9 Months Ended |
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Sep. 30, 2016 | |
Notes to Financial Statements | |
GOING CONCERN |
NOTE 9 – GOING CONCERN
As reflected in the accompanying financial statements, the Company has an accumulated deficit of $15,438,127 at September 30, 2016, had a net loss of $782,170 and net cash used in operating activities of $20,449 for nine months ended September 30, 2016.
The Company recognizes its cash position does not support the Company’s daily operations. Management is analyzing future potential opportunities for the business including the potential of a restructuring. The Company has been unable to raise additional funds and may need to scale back operations. This raises substantial doubt about the Company’s ability to continue as a going concern. |