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GOING CONCERN UNCERTAINTY
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
NOTE 3 - GOING CONCERN UNCERTAINTY

The accompanying financial statements have been prepared on a going concern basis, which assumes continuity of operations and realization of assets and liabilities in the ordinary course of business. As shown in the accompanying financial statements, the Company incurred net income of $14,376 and used net cash of $31,296 in operations for the three months ended March 31, 2019. As of March 31, 2019, the Company had a working capital deficit of $772,149 and a total stockholders’ deficit of $409,500. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

 

Management believes that by implementing cost reductions and realizing cost efficiencies from the Merger, operating cash flows will be sufficient to support the Company’s business plan. The Company will also continue to develop and launch new games to maximize revenues. However, management is currently evaluating alternative financing sources to fund the Company’s current business plan should cash provided by operations be insufficient.

 

The Company’s ability to continue as a going concern is dependent upon successfully executing its plans to attain a successful level of operations. The Company’s financial statements do not include any adjustments that might be necessary if it were unable to continue as a going concern.