Artificial Intelligence Technology Solutions Inc (AITX)

[KelliBlue]

RAD remains highly dependent upon funding from non-operational sources. RAD’s financial statements have been presented on the basis that it will continue to operate as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. RAD has incurred net losses of approximately $165,000 since inception, have had no revenue, and cash flows used in operating activities of $225,153 as of February 28, 2017. These conditions raise substantial doubt about our ability to continue as a going concern for the twelve months following the issuance of these financial statements. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of these uncertainties.