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GOING CONCERN
9 Months Ended
Sep. 30, 2011
Going Concern 
GOING CONCERN

NOTE 4 – GOING CONCERN

 

Blast had an unrestricted cash balance of approximately $39,000, current assets of approximately $0.2 million and stockholders’ equity of approximately $0.2 million as of September 30, 2011. Blast had a loss from continuing operations of approximately $1.7 million for the nine months ended September 30, 2011 and an accumulated deficit at September 30, 2011 of approximately $75.8 million. The consolidated financial statements do not include any adjustments that might be necessary if Blast is unable to continue as a going concern. These conditions create uncertainty as to Blast’s ability to continue as a going concern. Management is trying to grow the existing businesses but may need to raise additional capital through sales of common stock or convertible instruments, as well as obtain financing from third parties.