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GOING CONCERN UNCERTAINTY
3 Months Ended
Mar. 31, 2025
GOING CONCERN UNCERTAINTY  
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 condensed consolidated financial statements, the Company had a net loss of $116,426 and used net cash in operations of $71,920 for the three months ended March 31, 2025. As of March 31, 2025, the Company had a working capital deficit of $960,045 and a total stockholders’ deficit of $793,913. 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 financial statements do not include any adjustments that might be necessary if it were unable to continue as a going concern.