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Going Concern
12 Months Ended
Dec. 31, 2014
Going Concern  
Going Concern

NOTE 12 - GOING CONCERN

 

As of December 31, 2014, the Company has a working capital deficit of $3,624,971, an accumulated deficit of $6,608,621. The financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. Without realization of additional capital, it would be unlikely for the Company to continue as a going concern. The Company’s management plans on raising cash from public or private debt or equity financing, on an as needed basis and in the longer term, upon achieving profitable operations through its business activities.