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Going Concern
12 Months Ended
Dec. 31, 2013
Going Concern  
Going Concern

2. GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States (GAAP) that contemplate continuation of the Company as a going concern. During the years ended December 31, 2013 and 2012, the Company incurred a net loss and income of $(26,290) and $34,819, respectively. In addition, the Company had an accumulated deficit of $8,446,674 and $8,420,384, as of December 31, 2013 and 2012, respectively. The Company has not earned any significant revenues since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

The Company’s ability to continue in existence is dependent on its ability to develop additional sources of capital, and/or achieve profitable operations and positive cash flows. Management’s plan is to aggressively pursue its present business plan. Since inception the Company has funded its operations through the issuance of common stock and related party loans and advances, and will seek additional debt or equity financing as required. However, there can be no assurance that the Company will be successful in raising such additional funds. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.