Kona Gold Beverage Inc (KGKG)

[MRE1980]

I'm referring to total debt. If that particular company can quickly rack up sales to knock out a good chunk of that debt, than I'll consider hiph as an option. But at least a few million per quarter is needed to start nibbling at the total debt. They're still realistically a year away from that, just saying.

NOTE 7- GOING CONCERN
The accompanying unaudited consolidated financial statements are prepared assuming the Company will continue as a going concern.
At June 30, 2018, the Company had an accumulated deficit of approximately $108 million, stockholders’ deficit of approximately $3
million and a working capital deficiency of approximately $3 million. The net cash used in operating activities for the six months ended
June 30, 2018 totaled $63,976. These matters raise substantial doubt about the Company’s ability to continue as a going concern for a
period of twelve months from the issue date of this report. The ability of the Company to continue as a going concern is dependent upon
increasing sales and obtaining additional capital and financing.
Management believes that the Company will be dependent, for the near future, on additional equity capital to fund operating expenses.
The Company intends to position itself so that it may be able to raise additional funds through the capital markets. However, there are no
assurances that the Company will be successful.