In the 10-Q filing under, "Summary of Significant Accounting Policies (Policies)" the company makes reference under "Recent Accounting Pronouncements":
ASU (Accounting Standard Update) No. 2014-15: In August 2014, FASB issued ASU No. 2014-15 Preparation of Financial Statements:
Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Under GAAP, continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity’s liquidation becomes imminent.
The Company will evaluate the going concern considerations in this ASU.
However, at the current period, management does not believe that it has met conditions which would subject these financial statements for additional disclosure.
So, management is saying they are still a viable entity?
