Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Going Concern

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Note 4 - Going Concern
6 Months Ended
Jun. 30, 2014
Notes  
Note 4 - Going Concern

NOTE 4 - GOING CONCERN

 

As reported in  the  consolidated financial statements, the Company has an accumulated deficit  of  $14,097,243  as of June 30, 2014 and has cash flow constraints with a current revenue stream. These trends have been consistent for the past few years, respectively.

 

These  factors  create  uncertainty  about  the  Company's  ability  to continue as a going concern. The ability of the Company to continue  as a  going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable  to  obtain  adequate  capital  it  could  be  forced  to  cease operations.

 

In  order to continue as a going concern, develop and generate revenues and achieve  a  profitable  level of operations, the Company will need, among other things, additional capital resources. Management's plans to obtain such resources for the  Company  include  raising additional capital through sales of common stock,  and  entering into acquisition agreements  with profitable  entities  with   significant   operations.   In   addition, management  is  continually  seeking  to streamline its operations  and expand  the business through a variety of  industries,  including  real estate and financial management. However, management cannot provide any assurances  that the Company will be successful in accomplishing any of its plans.

 

The ability of  the Company to continue as a going concern is dependent upon its ability  to successfully accomplish the plans described in the preceding paragraph  and  eventually  secure other sources of financing and   attain  profitable  operations.  The accompanying   consolidated financial  statements  do  not  include  any  adjustments that might be necessary if the Company is unable to continue as a going concern.