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NOTE 2. GOING CONCERN
6 Months Ended
Jun. 30, 2011
Going Concern Note
2.
 GOING CONCERN

As reflected in the accompanying unaudited consolidated financial statements for the six months ended June 30, 2011, the Company had net losses of $946,537 (which includes stock based compensation for options of $20,880) and cash used in operations of $1,159,456. Additionally, at June 30, 2011, the Company had a working capital deficit of $3,061,375, an accumulated deficit of $20,739,504 and a stockholders’ deficit of $2,896,375.

Envision plans to pursue a capital raise to raise an additional $3,000,000 to $5,000,000 during the second half of 2011. Further, the Company has previously contracted and ongoing projects and continues to seek out new contracts and projects that will provide additional revenues and operating profits.  All such funds are expected to be sufficient to cover monthly operating expenses as well as meet minimum payments with respect to the Company’s liabilities over the next twelve months in addition to providing additional working capital.  From January 1, 2001 through the June 30, 2011, the company raised a net $1,462,736 from an earlier offering that closed in the period ended June 30, 2011.

The unaudited consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.