As of September 30, 2016, the Company was in default on the repayment of certain convertible notes and promissory notes with an aggregate principal amount of $320,807, which are immediately due and payable. The continuation of the Company as a going concern through December 31, 2016 is dependent upon the continuing financial support from its stockholders or negotiation of repayment term. Management believes the existing shareholders will provide the additional cash to meet the Company’s obligations as they become due.
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