(3) Going Concern Consideration

12 Months Ended

Dec. 31, 2012

Notes

(3) Going Concern Consideration

(3)       Going Concern Consideration

The Company has incurred losses from operating activities of $852,869 since inception, has limited financial resources and a working capital deficit of $1,254,674 at December 31, 2012. These factors raise substantial doubt about the Company's ability to continue as a going concern. The Company's consolidated financial statements for the period from inception, October 1, 2010, to December 31, 2012, 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. The Company currently has losses accumulated in the development stage of $2,876,888 through December 31, 2012. The Company's ability to continue as a going concern is dependent upon its ability to develop additional sources of capital and, ultimately, achieve profitable operations. Management’s plans to address the Company’s continuing existence include obtaining debt or equity funding from private or institutional sources or obtaining loans from financial institutions and individuals, where possible. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.