Vapor Group Inc (VPOR)

[capitalkid]

The "going concern" accounting principle means the opposite of what you think.

It means the financial statements are prepared and able to be audited from the perspective that the company will remain operational for the next 12 months, as opposed to statements prepared with the expectation that the company will be liquidated or restructured sometime in the coming year.

The "going" implies the company will continue to operate. The "concern" implies the company will continue to be audited to display solvency.

It is a fundamental prerequisite of accounting that a solvent company be a going concern. This is taught in most corporate financial accounting courses.