This pretty much sums this 10Q up:
Going Concern:
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has net losses of $9,282,971 for the nine months
ended December 31, 2014. The Company also has an accumulated deficit of $40,910,616, and a negative working capital of $6,841,154 as of December 31, 2014, as well as outstanding convertible notes payable of $2,986,564. Management
believes that it will need additional equity or debt financing to be able to implement its business plan. Given the lack of revenue, capital deficiency and negative working capital, there is substantial doubt about the Company’s ability to
continue as a going concern.
Management is attempting to raise additional equity and debt to sustain operations until it can market its services and achieves profitability. The successful outcome of future activities cannot be determined at this time and there are no
assurances that, if achieved, the Company will have sufficient funds to execute its intended business plan or generate positive operating results.
The accompanying financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to
continue as a going concern.
