There is so much wrong in this going concern statement that it should read...DIAMOND DAVE HAS SLEEPLESS NIGHTS AND IN PANIC MODE!
Not enough money to "execute it's business plan"????? ...NO kidding
There never was a viable worth while or thought given business plan that amounted to applying .50c to it. ROFLMAO!
Note 2 – Going Concern
For the nine months ended September 30, 2016, the Company used net cash in operations of $86,364. In addition, the Company had a working capital deficit as of September 30, 2016. The Company believes that its existing capital resources may not be adequate to enable it to execute its business plan. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The Company estimates that it will require additional cash resources during 2016 based on its current operating plan and condition. The Company expects cash flows from operating activities to improve, primarily as a result of an increase in revenue and a decrease in certain operating expenses, although there can be no assurance thereof. The accompanying consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans.
Summation...... not one bit surprised and personally I call this Q circling the drain.
all just my opinion
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