BioCorRx Inc. (BICX)

[rocky1088]

Going Concern

The Company's financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of September 30, 2014 and December 31, 2013, the Company has a working capital deficit of $1,229,065 and $861,901, and an accumulated deficit of $6,557,595 and $5,437,113. The Company's revenues have decreased from 2013 to 2014. We will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan or by using outside financing. There can be no assurance that the Company will be successful in these situations in order to continue as a going concern. The Company is funding its operations by additional borrowings and some shareholder advances.