Annual report pursuant to Section 13 and 15(d)

Note 3 - Going Concern

Note 3 - Going Concern
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Substantial Doubt about Going Concern [Text Block]



The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $18,388,186 at December 31, 2021 including the impact of its net loss of $2,325,074 for the year ended December 31, 2021.  Net cash used in operating activities was $1,837,240 for the year ended December 31, 2021. The Company’s ability to continue with this trend is unknown. The Company’s ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown although the Company is actively raising capital via a Regulation A offering which was qualified in December 2021. The obtainment of additional financing and the successful development of the Company’s contemplated plan of operations, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.