NOTE 2 - REALIZATION OF ASSETS
The accompanying condensed consolidated financial statements have been prepared in conformity with GAAP, which contemplate continuation of the Company as a going concern. The Company had a net loss of $2,540,462 and of $4,831,703 for the nine months ended September 30, 2012 and 2011, respectively. As of September 30, 2012, the Company had an accumulated deficit of $50,314,609. In addition, the Company provided cash from operations in the amount of $184,112 and used cash in operations in the amount of $780,312 during the nine months ended September 30, 2012 and 2011, respectively. The Company also had a negative working capital balance of $27,851,214 as of September 30, 2012, and $25,540,389 as of December 31, 2011. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.
lol. where do u think they get the $$$ from??? massive dilution
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