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Going Concern
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
3. Going Concern

The accompanying financial statements have been prepared on a going-concern basis. The going-concern basis assumes that assets will be realized and liabilities will be settled in the ordinary course of business in the amounts disclosed in the financial statements. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. For the nine months ended September 30, 2018, the Company incurred a substantial loss of $54,466. As of September 30, 2018, the Company had a working capital deficit of approximately $90,567. There was substantial doubt concerning the Company’s ability to continue as a going concern at December 31, 2017; these conditions that gave rise to that doubt were still outstanding as at the date of this report.

 

To improve its solvency, the Company is working to obtain new working capital through private placements of its common stock or convertible debt securities to qualified investors.