This may be helpful. Here is page 12 of AMFE Q2 Financial Repot.
NOTE 1 – NATURE OF BUSINESS AND GOING CONCERN
Nature of business
Amfil Technologies Inc. (the “Company” or “AMFE”), formerly Technical Ventures, Inc., was incorporated in New York State on June 14, 1985.
On August 1, 2013, AMFE acquired all the issued and outstanding shares of common stock of Interloc Kings Inc. (Interloc) a Canadian corporation. Interloc is stone and wood specialists and offers hardscape construction and snow removal services in Canada. AMFE issued 350,000,000 common restricted shares as consideration for the purchase.
On May 12, 2014, the Company entered into a Joint Venture Agreement with ACTS to acquire 50% ownership in the mPact – GROZONE Antimicrobial Systems and the exclusive right of representation to perform with ACTS as a Systems and Service Provider to any Medical Marijuana Industry and legal marijuana grow/process establishments or organizations in North America and globally that is amenable to the use of the Systems and Service of mPact – GROZONE Antimicrobial Systems. This technology is a Green Environment Friendly Ozone Technology designed to kill bacteria, mold and bugs for marijuana cultivation and edible facilities who want to maintain the highest food quality standards of cleanliness. The business name of the new Venture will be Definitive AMFIL-ACTS Joint Venture (“AMFE-ACTS JV”).
On September 28, 2016, the company acquired the shares of Snakes & Lagers Inc a holding company that holds the shares of Snakes & Lattes Inc., Snakes & lattes College Inc., Snakes & Lattes Annex Inc., Snakes & Lattes Midtown Inc. This collection of entities is involved in the following revenue generating activities board game retail, online and wholesale distribution; retail coffee shop/bistro; Distribution of non board game related products; Board game publishing and manufacturing; and company/personal events.
Going Concern
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The amounts of assets and liabilities in the consolidated financial statements do not purport to represent realizable or settlement values.
NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES
The Company intends to meet its working capital requirements from the issuance of common shares and convertible promissory notes as well as short term related party loans. However, there can be no assurance that such financial support shall be ongoing or available on terms or conditions acceptable to the Company. This raises substantial doubt about the Company’s ability to continue as a going concern. If management is unsuccessful in these efforts, discontinuance of operations is possible. These financial statements do not include any adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should we be unable to continue as a going concern. Our continuation as a going concern is dependent upon our ability to obtain additional financing and to generate profits and positive cash flow.
Subsequent to September 30th 2017, the Company will issue 100,000 shares for cash proceeds received in Q1 2018
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