GOING CONCERN |
6 Months Ended |
---|---|
Jun. 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 $15,365,515 at June 30, 2016, had a net loss of $709,558 and net cash used in operating activities of $11,405 for six months ended June 30, 2016.
The Company now recognizes its cash position does not support the Companys 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 Companys ability to continue as a going concern. |