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GOING CONCERN AND LIQUIDITY CONSIDERATIONS
3 Months Ended
Sep. 30, 2019
Going Concern And Liquidity Considerations [Abstract]  
GOING CONCERN AND LIQUIDITY CONSIDERATIONS

NOTE 12 – GOING CONCERN AND LIQUIDITY CONSIDERATIONS

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of and for the period ended September 30, 2019, the Company had an accumulated deficit of $4,986,577 and working capital deficiency of $2,214,452. The Company intends to fund operations through debt and equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the period ending September 30, 2019 and subsequently.

 

The ability of the Company to survive is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan.

 

In response to these problems, management intends to raise additional funds through public or private placement offerings, and related party loans.

 

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.