Posted On: 10/05/2015 9:34:32 AM
Post# of 96892
GOING CONCERN CONSIDERATIONS
The Company’s financial statements have been prepared using accounting principles generally accepted in the
United States of America applicable to a going concern, which contemplates the realization of assets and liquidation
of liabilities in the normal course of business. During the Quarter ended JUNE 30, 2015, the Company incurred net
profits totaling $1,918,970 resulting in total accumulated deficit of $1,250,628 wi t h a T ot al S h a r eh o l de rs’
d e f i ci t o f ( $ 5 ,5 4 6 , 3 44 ) at JUNE 30, 2015. The past four quarters have shown net gains and increased assets
continuing to show the Company’s ability to continue as a going concern. The Company's ability to meet its ongoing
financial requirements is not dependent on management being able to obtain additional equity and/or debt financing.
The Company’s financial statements have been prepared using accounting principles generally accepted in the
United States of America applicable to a going concern, which contemplates the realization of assets and liquidation
of liabilities in the normal course of business. During the Quarter ended JUNE 30, 2015, the Company incurred net
profits totaling $1,918,970 resulting in total accumulated deficit of $1,250,628 wi t h a T ot al S h a r eh o l de rs’
d e f i ci t o f ( $ 5 ,5 4 6 , 3 44 ) at JUNE 30, 2015. The past four quarters have shown net gains and increased assets
continuing to show the Company’s ability to continue as a going concern. The Company's ability to meet its ongoing
financial requirements is not dependent on management being able to obtain additional equity and/or debt financing.
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