SmartMetric Inc (SMME)

[DCorleone]

SMME:There is no guarantee that the Company will be able to raise enough capital or generate revenues to sustain its operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

As shown in the accompanying condensed consolidated financial statements the Company has sustained recurring losses of $376,652 and $552,002 for the three months ended September 30, 2015 and 2014 respectively, and has an accumulated deficit of $21,404,205 at September 30, 2015. The Company has spent a substantial portion of its time and capital resources in the development of its technology.