Quarterly report pursuant to Section 13 or 15(d)

GOING CONCERN

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GOING CONCERN
3 Months Ended
Mar. 31, 2013
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 March 31, 2013 of $3,824,152, a working capital deficit of $771,379 and incurred a net loss of $495,033 for the three months ended March 31, 2013.

 

While the Company has commenced operations and is generating revenues, the Company’s cash position may not be significant enough to support the Company’s 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 Company’s 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.