Quarterly report pursuant to sections 13 or 15(d)

GOING CONCERN

v2.4.0.8
GOING CONCERN
6 Months Ended
Jun. 30, 2013
GOING CONCERN [Abstract]  
GOING CONCERN

NOTE 2 - GOING CONCERN


As reflected in the accompanying unaudited financial statements, the Company had a net operating loss and cash used in operations for the six months ended June 30, 2013 of $311,145 and $112,305 and the working capital deficit, stockholders' deficit and accumulated deficit as of June 30, 2013 was $885,801, $1,010,621 and $5,014,864 respectively. These matters raise substantial doubt 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's ability to further implement its business plan and raise capital. During 2013 management has arranged with a related party for working capital up to $200,000 to finance on-going projects. Our management is also currently engaged in discussions with the capital markets to raise additional funds for expansion including software development and marketing. These financial statements do not include any adjustments related to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.