Resonate Blends Inc (KOAN)

[stock king 1]

its all facts right from the 10-q ,,,,,read away.

Our optimum level of growth for success will be achieved if we are able to raise $1,000,000 in the next twelve months. However, funds are difficult to raise in today’s economic environment. If we are unable to raise $1,000,000 our ability to implement our business plan and achieve our goals will be significantly diminished.

We expect that we will not be able to continue operations beyond 6 months with our current available capital resources, which consists of limited cash and our monthly revenues, without obtaining additional funding or generating more revenues. We will need at a minimum $250,000 in capital to fund operations in the next 12 months.

We are dependent on investment capital to continue our survival. We have raised money through convertible debt, almost always on unfavorable terms. To date, we have not been successful in acquiring our goal of $1,000,000. There is no guarantee that these small convertible loans will be available to us in the future or on terms acceptable to us.

Going Concern

As of September 30, 2015, we have an accumulated deficit of $4,565,795. Our ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and our ability to achieve and maintain profitable operations. While we are expanding our best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations. These conditions raise substantial doubt about our ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty.