Plastic2Oil Inc (PTOI)

[agribusiness72]

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The Company has experienced net losses from continuing operations of $880,456, and $2,934,327, respectively, for the nine months ended September 30, 2017, and 2016, respectively. At September 30, 2017, the Company had a working capital deficit of $6,508,968, and an accumulated deficit of $78,824,588. These factors raise substantial doubt about the Company’s ability to continue as a going concern and to operate in the normal course of business. The Company has funded its activities to date almost exclusively from equity financings and loans from related parties. For the years ended December 31, 2016 and 2015, the Company’s auditors included a going concern opinion in its report on the Company’s audited financial statements for such periods.