Indoor Harvest Corp (INQD)

[MIMadman]

In their 10-Q

Indoor Harvest Corp. (INQD)
FORM 10-Q | Quarterly Report
Aug. 19, 2019 5:30 PM|About: Indoor Harvest Corp. (INQD)


NOTE 2 - GOING CONCERN

As reflected in the accompanying financial statements, the Company had a net loss of $685,035, net cash used in operations of $253,349 and has an accumulated deficit of $12,480,099, for the six months ended June 30, 2019. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The ability of the Company to continue as a going concern is dependent on Management’s plans which include potential asset acquisitions, mergers or business combinations with other entities, further implementation of its business plan and continuing to raise funds through debt or equity financings. The Company will likely rely upon related party debt or equity financing in order to ensure the continuing existence of the business.

The business plan of the Company is to engage in the design, development, marketing and direct-selling of commercial grade aeroponics fixtures and supporting systems for use in urban Controlled Environment Agriculture (“CEA”) and Building Integrated Agriculture (“BIA”). During the next twelve months, the Company’s strategy is to: complete ongoing product development; commence product marketing, product assembly and sales; construct a demonstration CEA and BIA farm; and offer design-build services. The Company’s long-term strategy is to direct sale, license and franchise their patented technologies and methods.

https://seekingalpha.com/filing/4608636

I already hold a small stack of this and wondered about buying more...
but their 10-Q worried me.

I have been looking for a public seed company for a while.

Thanks for your information
MADLONG2018