Note 2 - Going Concern

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Substantial Doubt about Going Concern [Text Block]

NOTE

2

– GOING CONCERN

The accompanying condensed financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the norm

al course of business. However, a substantial doubt has been raised with regard to the ability of the Company to continue as a going concern as the Company had total liabilities in excess of its total assets, the Company had an accumulated deficit of $

16,889,864

at

September 30, 2017,

and had

no

committed source of debt or equity financing.  The Company has

not

had any operating revenue and does

not

foresee any operating revenue in the near term.  The Company has relied on the sale of its securities to finance its expenses, including a note that is in default and is secured by the Company’s equipment, as described in Note

4.

  The Company will be dependent upon raising additional capital through placement of our common stock, notes or other securities in order to implement its business plan or additional borrowings, including from related parties.  There can be

no

assurance that the Company will be successful in either situation in order to continue as a going concern. 

The

Company’s cash position

may

not

be sufficient to support the Company’s daily operations or its ability to undertake any business activity that will generate net revenue.

The financial statements do

not

include any adjustments that might be necessary if the Company is unable to continue as a going concern.