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Alias Born | 12/30/2012 |
Monday, March 23, 2015 9:31:38 AM
As shown in the accompanying condensed consolidated financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of ($26,242,551), and as of September 30, 2014, the Company’s current liabilities exceeded its current assets by $1,750,511 and its total liabilities exceeded its total assets by $1,668,091. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing new ventures to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. Management believes these factors will contribute toward achieving profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going
concern.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10311662
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