Can B Corp (CANB)

[stripus]

geekyharvey...where do your financials come from?

geekyharvey  
Tuesday, 10/25/16 09:22:44 PM
Re: zekeman post# 2899

Post # of 2911 


This is what real positive cash flow is all about! This quarter's accumulation is pretty FANTASTIC!!!

This is the last 10Q:
WRAPmail, Inc. and Subsidiary
Notes to Consolidated Financial Statements
Three Months Ended June 30, 2016 and 2015
(Unaudited)NOTE 2 – Going Concern Uncertainty

The consolidated financial statements have been prepared on a “going concern” basis, which contemplates the realization of assets and liquidation of liabilities in a normal course of business. As of June 30, 2016, the Company had cash and cash equivalents of  $440 and negative working capital of $200,206. For the six months ended June 30, 2016 and 2015, the Company had net losses of $230,907 and $3,020,408, respectively. These factors raise substantial doubt as to the Company’s ability to continue as a going concern.  The Company plans to improve its financial condition by raising capital through sales of shares of its common stock.  Also, the Company plans to pursue new customers to attain profitable operations. The consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.