XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.1
Going Concern
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

Note 2 – Going Concern

For the year ended December 31, 2022, the Company recognized a net loss of $151,396 and had an accumulated deficit of $36,240,368. The Company had a working capital surplus of $104,495 as of December 31, 2022. As of December 31, 2022, the Company’s revenue generating activities have not begun, it has negative cash flows from operations, has recognized a net loss over the current twelve-month period, has incurred significant losses since inception, and has an accumulated deficit. While the Company anticipates revenue generating activities in the first quarter of 2023, it will require funding from outside sources to implement its business development strategy. The Company has no firm commitments for additional funding. The aggregation of these factors raises substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of assets that might be necessary if the Company is unable to continue as a going concern.

Failure to obtain the ongoing support of stockholders and creditors may indicate that the preparation of these financial statements on a going concern basis is inappropriate, in which case our assets and liabilities would need to be recognized at their liquidation values. The Company’s financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and liabilities that might arise from this uncertainty.