Quarterly report pursuant to sections 13 or 15(d)

NOTE 2 – GOING CONCERN

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NOTE 2 – GOING CONCERN
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
NOTE 2 – GOING CONCERN

NOTE 2 – GOING CONCERN

 

As reflected in the accompanying financial statements, the Company had a net operating loss for the six months ended June 30, 2011 of $525,127. The total accumulated deficit as of June 30, 2011 was $3,142,404. The ability of the Company to continue as a going concern is dependent on the Company’s ability to further implement its business plan and raise additional capital. In July 2011, management received $250,000 in exchange for convertible notes amounting to $275,000 and warrants to purchase 3,000,000 shares of the Company’s common stock and received $25,000 in exchange for 250,000 shares of common stock in a private placement with an accredited investor. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.