Ummm...did anyone read the flippin 10-Q?
NOTE 9 – SUBSEQUENT EVENTS
On April 16, 2013 the Company issued a convertible note for $27,500. The note bears interest at 8% and matures within a year.
On April 17, 2013 the Company issued 101,666,667 shares of common stock for partial conversion of a note payable.
On April 19, 2013 the Company issued 101,666,667 shares of common stock for partial conversion of a note payable.
On May 6, 2013 the Company issued a convertible note for $22,500. The note bears interest at 8% and matures within a year.
On May 8, 2013 the Company issued 148,888,889 shares of common stock for partial conversion of a note payable.
As reported in our April 22, 2013 8K filing, the Company appointed Kevin P. Quirk President and Chief Executive Officer of the Company. He was also appointed as a member of the Board of Directors.
In accordance with ASC 855-10, the Company has analyzed its operations subsequent to March 31, 2013 through the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the events described above.
The Company sustained a loss of $123,630 for the three months ended March 31, 2013. Because of the absence of positive cash flows from operations, the Company requires additional funding for continuing the development and marketing of products. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
We are presently unable to meet our obligations as they come due. At March 31, 2013 we had minimal assets and a working capital deficit of $685,748. Our working capital deficit is due to the results of operations.
AI
