v3.7.0.1
Going Concern
6 Months Ended
Jun. 30, 2017
Going Concern [Abstract]  
GOING CONCERN

NOTE 2 – GOING CONCERN

 

The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates the Company’s continuation as a going concern. However, as of June 30, 2017, the Company had negative working capital of $2,918,721 and an accumulated deficit of $6,985,476. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management has taken several actions in an attempt to mitigate this risk. These actions include capital raising initiatives involving the issuance of equity and/or notes payable to investors, as well as cash conservation initiatives involving the issuance of equity and/or notes payable to employees and related parties in lieu of cash compensation. The accompanying condensed consolidated financial statements do not include any adjustments related to these uncertainties.