Quarterly report pursuant to Section 13 or 15(d)

Going Concern

v3.10.0.1
Going Concern
9 Months Ended
Sep. 30, 2018
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, we incurred a net loss of $1,056,766 and $2,401,739 for the three and nine months ended September 30, 2018, respectively, and at September 30, 2018, the accumulated deficit was $33,734,753.

 

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 2018 that we will be successful without additional financing. Should revenues not grow sufficiently, and should we be unable to secure additional financing through the sale of our 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 condensed financial statements do not include any adjustments that might arise from this uncertainty.