XML 20 R9.htm IDEA: XBRL DOCUMENT v3.19.2
GOING CONCERN UNCERTAINTY
6 Months Ended
Jun. 30, 2019
GOING CONCERN UNCERTAINTY  
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 loss of $38,163 and used net cash of $90,249 in operations for the six months ended June 30, 2019. As of June 30, 2019, the Company had a working capital deficit of $785,983 and a total stockholders deficit of $448,486. These factors, among others, raise substantial doubt about the Companys 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 Companys 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 Companys current business plan should cash provided by operations be insufficient.

 

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