from 10k
Going Concern
The accompanying financial statements have been prepared on a going concern basis, which assumes that we will be able to realize our assets and discharge our liabilities and commitments in the normal course of business for the foreseeable future. We had an accumulated deficit of $32,793,526 at December 31, 2022. This factor raises substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our generating profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our management intends to finance operating costs over the next twelve months with existing cash on hand. While we believe that we will be successful generating revenue to fund our operations, meet regulatory requirements and achieve commercial goals, there are no assurances that we will succeed in our future operations.
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We will attempt to overcome the going concern opinion by increasing our TBI licensing to additional tech company startups, thereby increasing our revenues, which will increase our expenses and lead to possible net losses.
COMPARATIVE RESULTS FOR FISCAL YEARS
Results of Operations for the 12-month periods ended December 31, 2022 and 2021
Revenues
For the year ended December 31, 2022, we recognized $944,413 in revenues, compared to $292,139 in revenue from licensing during the year ended December 31, 2021. The $652,274 increase in revenue is primarily attributable to the sale of seven new digital asset platforms, the addition of one new TBI client licensee, and revenue share from the existing TBI licensees.
deficit of $32,793,526 and revenues of 944,413
about 300% revenue increase from 2021
even if the company generate same 300% increase this year it still won't be enough to cover deficit occurred this year
company have to issue additional shares of stock to continue business
unless company generate multi million dollars of revenue
2 years ago around this time
March 31 of 2021 WDLF share bid was 0.0355
March 23 of 2023 we are at the 0.0015
hope to see the same run we had 2 years ago
