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Liquidity and Going Concern
9 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
Liquidity and Going Concern

As of December 31, 2014, the Company’s audited consolidated financial statements included an opinion containing an explanatory paragraph as to the uncertainty of the Company’s ability to continue as a going concern. The Company has continued to incur net losses through September 30, 2015 and has yet to establish profitable operations. These factors among others create a substantial doubt about the Company’s ability to continue as a going concern. The Company’s unaudited consolidated financial statements as of and for the period ended September 30, 2015 do not contain any adjustments for this uncertainty.

 

The Company plans to attempt to raise additional required capital through the sale of unregistered shares of the Company’s preferred or common stock or issuance of convertible debt with warrants. All additional amounts raised will be used for future investing and operating cash flow needs. However there can be no assurance that the Company will be successful in consummating such financing. The description of recent financing and future plans for financing does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from the registration requirements and certificates evidencing such shares contain a legend stating the same.