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Going Concern
9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

NOTE 2 - GOING CONCERN

 

As shown in the accompanying condensed consolidated financial statements, the Company incurred a net loss of $1,001,045   and $1,767,869   for the nine months ended September 30, 2019 and 2018, respectively. The Company has incurred losses since inception resulting in an accumulated deficit of $14,400,335 as of September 30, 2019. The Company anticipates further losses in the development of its business. The Company had a net working capital deficit of $364,110 as of September 30, 2019 as a result of the continuing operations of the Company. Based on its current forecast and budget, management believes that its cash resources will be sufficient to fund its operations at least until the end of the fourth quarter of 2019  . Absent generation of sufficient revenue from the execution of the Company’s business plan, the Company will need to obtain debt or equity financing by the first quarter of 2020.  

 

As reflected in the condensed consolidated financial statements, the Company had an accumulated deficit at September 30, 2019, a net loss, and net cash used in operating activities for the nine months ended September 30, 2019. These factors raise substantial doubt about the Company’s ability to continue as a going concern.