From the 10K
These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern. Through January 31, 2017, the Company has no revenues, has accumulated losses of $4,782,275 and total stockholders'
deficit of $1,410,546 and expects to incur further losses in the development of its business, all of which cast substantial doubt about the Company's ability to
continue as a going concern. Management plans to continue to provide for the Company's capital needs during calendar year 2017 by issuing debt and equity
securities and by the continued support of its related parties (see Note 4). Immediate plans include raising the necessary capital to continue the development of the
defense, detection and protection technology and conduct all sales and marketing activities in PSSI. The condensed consolidated financial statements do not
include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be
necessary should the Company be unable to continue in existence. There is no assurance that funding will be available to continue the Company's business
operations and to successfully develop and market its defense, detection and protection security products.
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