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GOING CONCERN
3 Months Ended
Mar. 31, 2016
GOING CONCERN  
GOING CONCERN

2.  Going Concern

 

The Company is still developing its Blackbox System technology and associated website/platform and anticipates making it available to subscribers in June 2016.  The Company anticipates additional costs of One Million Dollars ($1,000,000) to Two Million Dollars ($2,000,000) over the next twelve months to complete research and development, as well as provide capital to implement and maintain the Blackbox System.  Marketing for potential subscribers will begin when the Blackbox System becomes enterprise ready for subscriber sales.

 

We cannot provide any assurances that the Company will be able to secure sufficient funds to satisfy the cash requirements for the next twelve months, nor that it will be successful in its endeavors to market the Blackbox System.  The inability to secure additional funds would have a material adverse effect on the Company.  The Company currently anticipates raising the amounts necessary to implement our plans through debt and/or equity financing from the sale of Company Common Stock and reinvestment of profits generated through subscription revenue.

 

The consolidated financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company's ability to continue as a going concern.  There is no assurance that the Company will be successful in its efforts to raise funds through sales of stock or obtain debt financing, nor generate subscription revenues. These factors raise substantial doubt about the ability of the Company to continue as a going concern.