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Going Concern
3 Months Ended
Sep. 30, 2015
Going Concern [Abstract]  
GOING CONCERN
NOTE 3GOING CONCERN

 

The accompanying unaudited condensed 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 unaudited condensed financial statements, the Company has an accumulated deficit of approximately $6,641,000 and a working capital deficit of approximately $676,000 at September 30, 2015. In addition, the Company continues to generate operating losses and negative cash flows from operations. Management believes these factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

During the next 12 months, the Company:

 

-Plans to raise significant additional funds through debt or equity financing.

 

-Intends to work together with its China affiliate, under common control, to further develop the Company’s platform and introduce it to the Chinese market. As the platform matures, the Company plans to reintroduce it into the U.S. and other markets.

 

While management is attempting to execute its strategy, the Company does not have the cash to support the Company’s daily operations and requires significant additional debt or equity financing.  While the Company believes in the viability of its strategy to create sales volume and in its ability to raise additional funds, there can be no assurances to that effect.  The ability of the Company to continue as a going concern is dependent upon its ability to obtain additional debt/equity financing from third-party and /or related parties, further implement its business plan and generate sufficient revenues to meet its obligations.  The condensed financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.