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Note 2 - Going Concern
3 Months Ended
Sep. 30, 2014
Notes  
Note 2 - Going Concern

NOTE 2 – GOING CONCERN

 

Our financial statements have been presented on the basis that we are a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  We have sustained operating losses since inception, which raises substantial doubt about the Company’s ability to continue as a going concern.

 

As of September 30, 2014 we have a working capital surplus of $582,641, and accumulated deficit of $4,831,797. During the period ended September 30, 2014 we had a net loss of $347,242 and cash used in operating activities of $243,451. The Company’s ability to continue in existence is dependent on its ability to develop additional sources of capital, and/or achieve profitable operations and positive cash flows. Management’s plan is to aggressively pursue its present business plan. Since inception we have funded our operations through the issuance of common stock and related party loans and advances, and will seek additional debt or equity financing as required. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.