Quarterly report pursuant to Section 13 or 15(d)

Going Concern

v3.7.0.1
Going Concern
6 Months Ended
Jun. 30, 2017
Notes  
Going Concern

NOTE 3 - GOING CONCERN

 

The accompanying condensed financial statements have been prepared assuming we will continue as a going concern.  As shown in the accompanying condensed financial statements, the Company incurred a net loss of ($586,738) and ($1,434,829) for the three and six months ended June 30, 2017, respectively, and at June 30, 2017, has an accumulated deficit of ($29,628,801).

 

To continue as a going concern, the Company may need, among other things, additional capital resources.  There are no assurances that without generating new revenue during the remainder of 2017 that the Company will be successful without additional financing.  Should revenues not grow sufficiently and should the Company be unable to secure additional financing through the sale of its securities or debt, it would be unlikely for us to continue as a going concern for one year from the issuance of the financial statements.

 

The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.  These conditions raise substantial doubt about our ability to continue as a going concern.  These financial statements do not include any adjustments that might arise from this uncertainty.