best part of the Q-financials is this paragraph la
Post# of 96879
Posted On: 11/19/2016 8:12:16 AM
best part of the Q-financials is this paragraph last line.........
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 September 30, 2016, the Company incurred
losses totaling $ (36,044) resulting in total accumulated deficit of ( $1,015,013) w i t h a T o ta l S h ar e h ol d e r s’
d e f i ci t o f ( $ 5,0 1 4 , 75 4 ) at September 30, 2016. The past two years 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.
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 September 30, 2016, the Company incurred
losses totaling $ (36,044) resulting in total accumulated deficit of ( $1,015,013) w i t h a T o ta l S h ar e h ol d e r s’
d e f i ci t o f ( $ 5,0 1 4 , 75 4 ) at September 30, 2016. The past two years 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.
(7)
(0)Nanotech Entertainment Inc. (NTEK) Stock Research Links
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