Verus International Inc (VRUS)

[HugeGains$]

10 Q : “The Company incurred a net loss of $867,844 for the six months ended April 30, 2018. As of April 30, 2018, the Company had a working capital deficit of $1,074,099 and an accumulated deficit of $24,272,019. It is management’s opinion that these facts raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of this filing, without additional debt or equity financing. The unaudited consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts nor to the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.”