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GOING CONCERN
6 Months Ended
Jun. 30, 2025
GOING CONCERN  
GOING CONCERN

NOTE 3 – GOING CONCERN

 

The Company’s financial statements as of June 30, 2025 and December 31, 2024 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues and cash flows sufficient to cover its operating costs and allow it to continue as a going concern. At June 30, 2025, the Company had cash of $10,416 and negative working capital of $4,366,368. For the six months ended June 30, 2025 and 2024 , the Company had losses of $592,136 and $1,007,853 respectively.  These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its operating expenses and seeking third party equity and/or debt financing.  On December 31, 2024, the Company obtained a financial support letter from its major shareholder. It is stated in the financial support letter that the main shareholder of the Company will undertake to provide continuous financial support to enable the Companies to meet its liabilities as and when they fall due for a period of 12 months from December 31, 2024.