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Going Concern
9 Months Ended
Sep. 30, 2016
Going Concern [Abstract]  
Going Concern

NOTE 2 – Going Concern


These unaudited consolidated financial statements have been prepared on a going concern basis, which assumes the Company will continue to realize it assets and discharge its liabilities in the normal course of business.  As of September 30, 2016, the Company had an accumulated deficit and stockholders’ deficit of $46,919,381 and $5,803,758, respectively, incurred a loss from operations of $2,817,209 for the nine months ended September 30, 2016 and used cash in operations of $2,440,732 during the nine months ended September 30, 2016.  In addition, the Company has not yet generated revenue sufficient to support ongoing operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These unaudited consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.


During the nine months ended September 30, 2016, the Company received $1,805,000 in advances from its convertible line of credit with its president and principal shareholder. The Company also received $610,955 from Lincoln Park Capital Fund LLC in connection with a $10 million stock purchase agreement entered into in August 2015. See Note 4.


Management believes that the Purchase Agreement with Lincoln Park and additional funding from its president and principal shareholder provide the opportunity for the Company to continue as a going concern.  Ultimately, the continuation of the Company as a going concern is dependent upon the ability of the Company to generate sufficient revenue to attain profitable operations.