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(4) Going Concern Consideration
6 Months Ended
Jun. 30, 2013
Notes  
(4) Going Concern Consideration

(4)       Going Concern Consideration

 

The Company has incurred losses from operating activities of $ 4,362,692 since inception, has limited financial resources and a working capital deficit of $1,462,995 at June 30, 2013. 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 June 30, 2013, 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 $4,362,692, through June 30, 2013. 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.