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Going Concern Uncertainty
6 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern Uncertainty

NOTE 18 – GOING CONCERN UNCERTAINTY

 

As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $41,843,513 as of December 31, 2018 and total stockholders’ deficit of $4,086,164. For the quarter ended December 31, 2018, the Company incurred a net loss of $374,532 as compared to a net loss in the amount of $435,234 during the same period ended December 31, 2017. These factors as well as the uncertain conditions that the Company faces in its day-to-day operations with respect to cash flows create an uncertainty as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management has taken action to generate sufficient cash to meet its operating needs through June 30, 2019 and beyond.