Lots of fun stuff like this in the 10Q: NOTE B
Post# of 226
Posted On: 07/11/2015 7:41:12 PM
Lots of fun stuff like this in the 10Q:
Quote:
NOTE B – GOING CONCERN MATTERS
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements for the period January 19, 2006 (date of inception) to March 31, 2015, the Company incurred losses of $5,697,539. The Company has minimal liquid assets. These factors, among others, indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company's existence is dependent upon management's ability to develop profitable operations and resolve its liquidity problems. The accompanying financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern.
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