Epazz Inc (EPAZ)

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Note 2 – Going Concern

As shown in the accompanying condensed consolidated financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of $12,220,724, and as of September 30, 2014, the Company’s current liabilities exceeded its current assets by $3,383,331 and its total liabilities exceeded its total assets by $1,912,604. These factors raise substantial doubt about the Company’s ability to continue as a going concern.