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GOING CONCERN
3 Months Ended
Mar. 31, 2015
GOING CONCERN [Abstract]  
GOING CONCERN

NOTE 3 – GOING CONCERN

 


The accompanying financial statements were prepared in conformity with GAAP, which contemplates continuation of the Company as a going concern and depends upon the Company's ability to establish itself as a profitable business. The Company is an early stage company and has incurred an accumulated loss of $4,575,084 since inception. The Company has negative working capital of $320,917 and will require additional funds to finance its business plan for the next twelve months. Due to the early stage of the Company, the Company expects to incur additional losses in the immediate future. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. To date, the Company's founders have provided funding for operations until the Company raises sufficient capital to provide for the first-year operating expenses.

 

The Company is planning to obtain financing either through the issuance of equity or debt. To the extent that funds generated from any private placements, public offerings, and/or bank financings are insufficient, the Company will have to raise additional working capital through other sources.