Sunday, October 13, 2019 11:28:06 PM
The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the three months ended June 30, 2019, the Company incurred a net loss of $839,198 and used cash in operating activities of $356,796, and at June 30, 2019, had an accumulated deficit of $29,966,570. At June 30, 2019, the Company is in the exploration stage and has not earned revenue from planned operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The Company’s independent registered public accounting firm, in their report on the Company’s financial statements for the year ending March 31, 2019, expressed substantial doubt about the Company’s ability to continue as a going concern.
Currently well over $30 MILLION USD blown moving Sonoran dirt and supporting Paul Thompson in a life style to which he has become accustomed.
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