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2. Going Concern
12 Months Ended
Dec. 31, 2014
Uncertainties [Abstract]  
Going Concern

As shown in the accompanying financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of $(15,169,401), and as of December 31, 2014, the Company’s current liabilities exceeded its current assets by $3,453,062 and its total liabilities exceeded its total assets by $3,918,310. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

Epazz will require substantial additional funding for continuing research and development, obtaining regulatory approval and for the commercialization of its products. Management expects to be able to raise enough funds to meet its working capital requirements through debt and/or equity financing. There is no assurance that Epazz will be able to obtain sufficient additional funds when needed, or that such funds, if available, will be obtainable on terms satisfactory to Epazz. The accompanying financial statements do not include any adjustments that might be necessary should Epazz be unable to continue as a going concern.