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Note 3 - Going Concern Uncertainty
12 Months Ended
Dec. 31, 2013
Notes  
Note 3 - Going Concern Uncertainty

Note 3 – Going Concern Uncertainty

 

The Company has incurred operating losses since inception, only recently emerged from the development stage, has limited financial resources and a working capital deficit of $3,636,148 at December 31, 2013.  These factors raise substantial doubt about the Company's ability to continue as a going concern. The Company's consolidated 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.  In addition, the Company had an accumulated deficit of $9,725,808 and a total stockholders’ deficit of $3,576,053 at December 31, 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.