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GOING CONCERN
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
NOTE 3 - GOING CONCERN

As shown in the accompanying financial statements for the periods ending March 31, 2013 and March 31, 2012, we have incurred net losses of $316,697 and $361,356, respectively. As of March 31, 2013 our deficit is $2,558,668. During the period ended March 31, 2013 and the year ended December 3l, 2012, we continued to experience close to neutral cash flows from operations largely due to our continued investment spending for product development of game titles for the PC and other popular gaming platforms that are expected to benefit future periods. Those facts, along with our lack of access to a significant bank credit facility, create an uncertainty about our ability to continue as a going concern. Accordingly, we are currently evaluating our alternatives to secure financing sufficient to support the operating requirements of our current business plan, as well as continuing to execute our business strategy of distributing our game titles to digital distribution outlets, including mobile gaming app stores, online PC and Mac gaming portals, and opportunities for new devices such as tablet (mobile internet device) applications, mobile gaming platforms and international licensing opportunities.

 

Our ability to continue as a going concern is dependent upon our success in securing sufficient financing and to successfully execute our plans to return to positive cash flows during fiscal 2013. Our financial statements do not include any adjustments that might be necessary if we were unable to continue as a going concern.