AVT Inc. (fka AVTCQ)

[scion]

Note 3 – Going concern

As reflected in the accompanying financial statements, the Company has suffered recurring losses from operations. The Company has incurred a net loss of $8,657,053 for the year ended December 31, 2013, negative operating cash flows and an accumulated deficit $30,461,977 at December 31, 2013. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Our present plans to overcome these difficulties, the realization of which cannot be assured, include, but are not limited to, continuing efforts to raise new funding in the public and private markets, to retain the current customers and engage with new customers.

AVT, INC.
http://www.sec.gov/Archives/edgar/data/1431888/000138730814000127/form10k2013.htm