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LIQUIDITY AND PLAN OF OPERATIONS
12 Months Ended
Dec. 31, 2022
Liquidity And Plan Of Operations  
LIQUIDITY AND PLAN OF OPERATIONS

NOTE 2 - LIQUIDITY AND PLAN OF OPERATIONS

 

The Company’s ability to continue to operate is dependent mainly on its ability to successfully market and sell its products and the receipt of additional financing until profitability is achieved. In 2022, the Company’s cash used in operations was $7,035 and received net proceeds of $2,090 (net of offering costs of $310,424) from the sale of our equity securities, leaving a cash balance of $2,713 as of December 31, 2022. Because the Company does not have sufficient resources to fund our operation for the next twelve months from the date of this filing, management has substantial doubt of the Company’s ability to continue as a going concern. The Company will need to raise additional capital to finance its losses and negative cash flows from operations and may continue to be dependent on additional capital raising as long as our products do not reach commercial profitability.