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GOING CONCERN
12 Months Ended
Dec. 31, 2022
GOING CONCERN  
GOING CONCERN

NOTE 3 – GOING CONCERN

 

The accompanying consolidated 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 consolidated financial statements, the Company had net income of $200,701 for the year ended December 31, 2022. As of December 31, 2022, the Company had a working capital deficit of $284,639 and a total stockholders’ deficit of $65,122. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

 

Management believes that by continuing to implement cost reductions, and by increasing revenue from updated product lines, operating cash flows will be sufficient to support the Company’s business plan. 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 consolidated financial statements do not include any adjustments that might be necessary if it were unable to continue as a going concern.