Quest Patent Research Corp (QPRC)

[StockMedic1]

WOW - GOING CONCERN NOTICE in LAST Q

Going Concern

As shown in the accompanying financial statements, the Company has an accumulated deficit of $14,238,150 and negative working capital of $431,540 as of June 30, 2015. Because of the Company’s continuing losses, the working capital deficiency, the uncertainty of future revenue, the Company’s low stock price and the absence of a trading market in its common stock, and the ability of the Company to raise funds in equity market or from lenders is severely impaired. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. Although the Company may seek to raise funds and to obtain third party funding for litigation to enforce its intellectual property rights, the availability of such funds is uncertain. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.