Bioelectronics Corp (BIEL)

[RVC]

substantial-doubt-Company-ability-to-continue

NOTE 3 – GOING CONCERN
The Company has incurred substantial losses from operations. The Company sustained a net loss of $865,258 for
the six months ended June 30, 2016, and a total net loss since inception of $28,412,749. The Company is currently
seeking financing to provide the needed funds for operations. However, the Company can provide no assurance
that it will be able to obtain the financing it needs to continue its efforts for market acceptance, U.S. FDA approval
and to maintain operations, and thus there is substantial doubt of the Company’s ability to continue as a going
concern.

www.bielcorp.com/biel/wp-content/uploads/2016/09/showFinancialReportById-10.pdf