ViaDerma Inc (VDRM)

[Kevin20]

Does anybody know the story behind the Going Concern section: NOTE 10- Going Concern:
The accompanying condensed consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2021, the Company was in default on the repayment of certain convertible notes and
promissory notes with an aggregate principal amount of $300,538, which are immediately due and payable. The continuation of the Company as a going concern through March 31, 2021 is dependent upon the continuing financial support from its stockholders or negotiation of repayment term. Management believes the existing shareholders will provide the additional cash to meet the Company’s obligations as they become due.

These factors raise substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to reflect the possible future effects on the
recoverability and classification of assets and liabilities that may result in the Company not being able to continue as
a going concern.