XML 17 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Going Concern
9 Months Ended
Mar. 31, 2015
Going Concern [Abstract]  
GOING CONCERN
NOTE 3GOING CONCERN

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.  As reflected in the accompanying financial statements, the Company had an accumulated deficit of $6,079,927 and working capital deficit of $639,581 at March 31, 2015, and has no significant revenue generating operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

 

The Company’s cash position and operations are not sufficient to support the Company’s daily operations without significant financing.  The Company believes in the viability of its strategy to produce sales volume and in its ability to raise additional funds; however there can be no assurances to that effect, and to date insufficient capital has been raised for the Company to execute this strategy.  The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan, obtain additional debt or equity funding, and generate sufficient revenues.  The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.