NOTE 2 – GOING CONCERN
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6 Months Ended |
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Jun. 30, 2011
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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 Companys 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 Companys 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.
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