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GOING CONCERN
3 Months Ended
Mar. 31, 2023
Going Concern  
GOING CONCERN

NOTE 4: GOING CONCERN

 

The Company has an accumulated deficit of $129,387,007 as of March 31, 2023 and a working capital deficit of $116,889,252, as of March 31, 2023, and a working capital deficit of $1,682,659 as of December 31, 2022. As a result of these factors, management has determined that there is substantial doubt about the Company ability to continue as a going concern.

 

These consolidated financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of the uncertainties. The Company’s continuation as a going concern is contingent upon its ability to obtain additional financing and generate revenue and cash flow to meet its obligations on a timely basis. Management intends to seek additional funding through debt or equity financing during the next twelve months to source new inventory and generate revenue from product sales.