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Note 3 - Going Concern
9 Months Ended
Sep. 30, 2022
Notes  
Note 3 - Going Concern

Note 3 – Going Concern

 

For the quarters ended September 30, 2022 and 2021 we incurred net losses of $(136,894) and $(42,738), respectively. As of September 30, 2022 and 2021 we had cash in the amount of $1,037 and $37, respectively and as of September 30, 2022 we have current liabilities of $725,890.  We have incurred recurring losses, incurred liabilities in excess of assets and have an accumulated deficit of approximately $6.6 million as of September 30, 2022. Based upon current operating levels these losses combined with our current liabilities cast significant doubt on the company’s ability to operate as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with loans from officers and/or private placements of common stock. The failure to achieve the necessary levels of profitability or obtaining additional funding would be detrimental to the Company.