v3.23.1
GOING CONCERN AND PLAN OF OPERATION
3 Months Ended
Mar. 31, 2023
GOING CONCERN AND PLAN OF OPERATION  
GOING CONCERN AND PLAN OF OPERATION

NOTE 2 - GOING CONCERN AND PLAN OF OPERATION

 

The Company’s financial statements have been presented on the basis that it will continue as a going concern. The Company has not generated revenues from construction related operations to date. The Company has an Accumulated deficit of $13,515,740 as of March 31, 2023 which raises substantial doubt about the Company’s ability to continue as a going concern.

 

The Company will use additional funds through equity and debt financing, collaborative or other arrangements with corporate partners, licenses or others, and from other sources, which may have the effect of diluting the holdings of existing shareholders. The Company has subsequent current arrangements with respect to, or sources of, such additional financing and the Company does not anticipate that existing shareholders will be required to provide any portion of the Company’s future financing requirements.

 

No assurance can be given that additional financing will be available when needed or that such financing will be available on terms Acceptable to the Company. If adequate funds are not available, the Company may be required to delay or terminate expenditures for certain of its programs that it would otherwise seek to develop and commercialize. This would have a material adverse effect on the Company and raise doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that may result from the outcome of this uncertainty.