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

As reflected in the accompanying unaudited consolidated financial statements for the nine months ended September 30, 2011, the Company had net losses of $2,118,096 (which includes stock based compensation for options of $929,937) and cash used in operations of $1,641,304. Additionally, at September 30, 2011, the Company had a working capital deficit of $1,877,242, an accumulated deficit of $21,911,063 and a stockholders’ deficit of $2,657,590.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Envision plans to pursue a capital raise to raise at least an additional $3,000,000 to $5,000,000 during the next twelve months. Envision also intends to renegotiate the debt instruments that currently become due in December 2011. Further, the Company has previously contracted projects that are ongoing and continues to seek out new contracts and projects that will provide additional revenues and operating profits.  All such actions and funds, if successful, 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 September 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 therecoverability and classification of recorded asset amounts or the amounts and classification of liabilitiesthat might be necessary should the Company be unable to continue as a going concern.