v3.20.1

Going Concern | 3 Months Ended
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Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Going Concern | Note 3 - Going Concern The accompanying unaudited consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These unaudited consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern. As reflected in the accompanying unaudited consolidated financial statements, the Company had a net loss of $242,481 and net cash used in operations of $179,033 for the three months ended March 31, 2020; working capital deficit, stockholder’s deficit and accumulated deficit of $759,031, $1,339,921 and $13,465,669 as of March 31, 2020. It is management’s opinion that these factors raise substantial doubt about the Company’s ability to continue as a going concern for twelve months from the issuance date of this report. The ability for the Company to mitigate this risk and continue its operations is primarily dependent on management’s plans as follows:
| a) | Consummating and executing all current engagements related to the business consulting division.
| b) | Continually engaging with new clients via our business consulting division.
| c) | Maximizing the already acquired Independent Financial Advisory firm’s revenues by way of servicing the current client base in the most professional manner possible.
| d) | Organically growing the amount of funds under administration of the already acquired Independent Financial Advisory firm to new and higher levels.
| e) | Continuing to receive fixed funding, via equity or debt, for acquisition, growth and working capital from parties that have already executed funding agreement with the Company.
| f) | Continuing to negotiate new fixed funding via equity or debt, for further acquisitions, growth and working capital.
| g) | Acquiring and managing more Independent Financial Advisory firms with funds under administration located around the globe.
In March 2020, the outbreak of the COVID-19 Coronavirus caused by a novel strain of the coronavirus was recognized as a Global Pandemic by the World Health Organization, and the outbreak has become increasingly widespread all over the World, including the geographical locations in which the Company and its subsidiaries operate. The COVID-19 Coronavirus Pandemic has and will continue affecting economies and businesses around the Globe. The Company continues to monitor the impact of the COVID-19 Coronavirus outbreak closely. The impacts of the Pandemic could be material, but due to the evolving nature of this situation, we are not able at this time to estimate the impact on our current financial, operational or future financial results. Amongst the factors that could impact our results are: effectiveness of COVID-19 Coronavirus mitigation measures, global economic conditions, reduced business and consumer spending due to both job losses and reduced investing activity, and other factors. These factors could result in increased or decreased demand for our products and services.

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- Definition The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -URI http://asc.fasb.org/subtopic&trid=51888271 + Details
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