Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Going Concern

Note 3 - Going Concern
6 Months Ended
Jun. 30, 2022
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 $18.2 Million at June 30, 2022 including the impact of its income of $0.2 million for the six months ended June 30, 2022.  Net cash used in operating activities was $0.6 million for the six months ended June 30, 2022. 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.