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Note 12 - Financial Condition and Going Concern
12 Months Ended
Dec. 31, 2015
Note 12 - Financial Condition And Going Concern  
Note 12 - Financial Condition and Going Concern

Note 12 – Financial Condition and Going Concern

 

As of December 31, 2015, the Company had cash on hand of $28,185 and liabilities of $564,873 and has incurred a loss from operations. True Nature Holding’s planned principal operations pertain to the business development and acquisition of pharmaceutical compounding companies. The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to execute its business plan.

 

These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company's continuance is dependent on raising capital and generating revenues sufficient to sustain operations. The Company believes that the necessary capital will be raised and has entered into discussions to do so with certain individuals and companies. However, as of the date of these consolidated financial statements, no formal agreement exists.

 

The accompanying consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to secure the necessary capital and continue as a going concern.