Tonner One World Holdings Inc (TONR)

[spudsuds]

OWOO Filings they may not have enough working capital to continue.

The Company has incurred operating losses since inception, has only minimal sales of its dolls, and has limited financial resources and a working capital deficit of $24,342,788 at June 30, 2015. These factors raise substantial doubt about the Company's ability to continue as a going concern. The Company's condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. In addition, the Company had an accumulated deficit of $35,794,088 and a total stockholders’ deficit of $24,308,939 at June 30, 2015. The working capital deficit, accumulated deficit and total stockholders’ deficit resulted primarily from the significant derivative liability and debt recorded at June 30, 2015. The Company's ability to continue as a going concern is dependent upon its ability to develop additional sources of capital and, ultimately, achieve profitable operations. Management’s plans to address the Company’s continuing existence include obtaining debt or equity funding from private or institutional sources or obtaining loans from financial institutions and individuals, where possible. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.