Notice rhode island transit 10 yr contract is missing?
Never saw an 8-K to let shareholders know about this material change? Especially, practically, being responsible for 90%, of what little revenue the company reported over the past 4 years? NOT GOOD!
As of today, the Company’s principal source of revenues is derived from Street Smart Outdoor Corp. operations in the outdoor advertising business with contracts in place in Tallahassee, Florida and in New Jersey.
Page 13 NOTE 3 - GOING CONCERN The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, 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. For the six months ended June 30, 2022 and 2021, the Company reported losses from continuing operations of $53,884 and $79,464, respectively. The Company had a working capital deficit of $2,873,308 as of June 30, 2022. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise the additional capital to meet short and long-term operating requirements. Management is continuing to pursue external financing alternatives to improve the Company’s working capital position however additional financing may not be available upon acceptable terms, or at all.If the Company is unable to obtain the necessary capital, the Company may have to cease operations.