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GOING CONCERN
9 Months Ended
Sep. 30, 2013
Going Concern  
Note 2 - GOING CONCERN

For the nine months ended September 30, 2013, the Company sustained a net loss of $354,086 The Company currently has a working capital deficit with which to continue its operating activities. As of September 30, 2013, the Company has an accumulated deficit of $6,349,605. The amount of capital required to sustain operations is subject to future events and uncertainties. The Company must secure additional working capital through loans, sale of equity securities, or a combination, in order to implement its business plans. There can be no assurance that such funding will be available in the future or available on commercially reasonable terms. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

 

The accompanying consolidated financial statements have been presented on the basis of the continuation of the Company as a going concern and do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

During 2013, the Company has generated no revenue. Management has continued to manage its costs for 2013 to ensure appropriate funding is on hand for its operation. If the Company's 2013 projections are not met, the Company will be required to decrease expenses and raise additional equity and/or debt financing, which may not be available at commercially reasonable terms, if at all.