HUMBL Inc (HMBL)

[DLK52]

Turn out the lights party's over.

"LIQUIDITY AND PROFITABILITY CONSIDERATIONS
The accompanying consolidated and condensed financial statements have been prepared assuming that Tesoro Enterprises, Inc. (“TEI”), either directly or through its subsidiary Fashion Floor Covering and Tile, Inc. ("FFC&T") (collectively “Company”) will continue as a going concern. The Company has suffered net losses of $15,408 for the 3 months ended March 31, 2013. As reflected in the consolidated and condensed balance sheet of March 31, 2013, the Company had a working capital deficit of approximately $299,741 and total liabilities exceed total assets by $103,920.
The Company has a limited source of revenue and is dependent on its ability to raise capital from shareholders or other sources to sustain operations. These factors, along with other matters as set forth herein, raise substantial doubt that the company will be able to continue as a going concern."