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Tuesday, August 23, 2016 4:41:06 PM
During the year ended December 31, 2015, we received $1,331,170 in convertible note financing. During the quarter ended March 31, 2016, we received $450,000 in convertible note financing. However, we do not have any firm commitments for funding beyond this recent financing. If we are unsuccessful in raising additional capital, or the terms of raising such capital are unacceptable, we may have to modify our business plan and/or significantly curtail our planned activities. If we are successful raising additional capital through the issuance of additional equity, our investor’s interests will be diluted.
There are substantial doubts about our ability to continue as a going concern and if we are unable to continue our business, our shares may have little or no value.
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