Tuesday, May 16, 2017 5:26:43 PM
Going Concern
The accompanying condensed financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations,
realization of assets and liabilities and commitments in the normal course of business. The accompanying condensed financial statements do not reflect any
adjustments that might result if the Company is unable to continue as a going concern. The Company’s revenue is not yet sufficient to cover its operating
expenditures and has negative cash flows from operations, which raise substantial doubt about the Company’s ability to continue as a going concern. The
ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, additional
cash infusion. Management believes the existing shareholders, the prospective new investors, current and future sales will provide the additional cash needed
to meet the Company’s obligations as they become due, and will allow the development of its core business operations. No assurance can be given that any
future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional
financing, it may contain undue restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in case of equity
financing.
We just had a Reverse Split, 1 for 35, and share Price is going Down again ?? Not Good at all
Good Luck
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