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2. Going Concern
9 Months Ended
Sep. 30, 2012
Number Of Restricted Shares Vested As Result Of Agreement  
Going Concern

As shown in the accompanying condensed consolidated financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of $(3,985,748), and as of September 30, 2012, the Company’s current liabilities exceeded its current assets by $770,876 and its total liabilities exceeded its total assets by $561,200. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. These financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.