XML 21 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 6 - Going Concern Issue
6 Months Ended
Mar. 31, 2018
Notes  
Note 6 - Going Concern Issue

NOTE 6 GOING CONCERN ISSUE

 

The financial statements has been prepared on the going concern basis which assumes the company and consolidated entity will have sufficient cash to pay its debts as and when they become payable for a period of at least 12 months from the date the financial report was authorized for issue.

 

The Company has an accumulated deficit of  $55,796 as at March 31, 2018, as well as recurring losses and negative cash from operations. Those factors raise substantial doubt about the Company’s ability to continue as a going concern. Management of the Company has executed a merger agreement with a private business that we believe may generate adequate cash flow or would be able to raise adequate funds to resolve this issue. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.