XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
GOING CONCERN UNCERTAINIES
6 Months Ended
Dec. 31, 2021
GOING CONCERN UNCERTAINIES  
GOING CONCERN UNCERTAINIES

NOTE 3 – GOING CONCERN UNCERTAINIES

 

The accompanying condensed consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

 

The Company experienced a net loss of $95,782 and suffered from negative cash flows from operations during the period and incurred an accumulated deficit of $925,898 as of December 31, 2021. The continuation of the Company as a going concern through December 31, 2022 is dependent upon the continued financial support from its stockholders. Management believes the Company is currently pursuing additional financing for its operations. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

 

These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.