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GOING CONCERN UNCERTAINTIES
6 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
2. GOING CONCERN UNCERTAINTIES

As of December 31, 2018, the Company has incurred accumulated deficits of $16,273,345. The Company’s ability to continue as a going concern is dependent upon the continuing financial support from its stockholders or external financing. Management believes the existing stockholders will provide the additional cash to meet with the Company’s obligations as they become due. However, there can be no assurance that the Company will be able to obtain sufficient funds to meet its obligations.

 

These factors raise substantial doubt about the Company’s ability to continue as a going concern. These condensed interim financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.