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Note 2. Going Concern.
6 Months Ended
Jun. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Note 2. Going Concern.

Note 2. Going Concern.

 

The Company’s consolidated interim financial statements have been prepared in accordance with US GAAP applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations in the normal course of business. As at June 30, 2013, the Company has a working capital deficiency of $3,561,235 and accumulated deficit of $11,006,587. Accordingly, the Company will be dependent upon the raising of additional capital through placement of common shares and/or debt financing in order to implement its business plan. There is no assurance that the Company will be successful with future financing ventures, and the inability to secure such financing may have a material adverse effect on the Company’s financial condition. These consolidated interim financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue operations.