XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 2 - Going Concern
6 Months Ended
Jan. 31, 2014
Notes  
Note 2 - Going Concern

Note 2 – Going Concern

 

As shown in the accompanying financial statements, the Company is currently in the development stage with an overall loss since Inception. While the Company’s current principal business activities are to coordinate the research and development of products that feature the internationally patented XYO mechanical balancing system and to market these products, there can be no assurance that the Company will be able to successfully develop or operate a business using this concept.

 

The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to carry out its planned principal operations and maintain a certain level of profitability. The Company intends to finance its future activities and working capital needs primarily from the sale of equity securities and ongoing sub-licensing efforts.