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Liquidity, Going Concern and Managements Response
6 Months Ended
Jun. 30, 2020
NOTE 2 - Liquidity, Going Concern and Management's Response

Management believes that current cash balances as of June 30, 2020 is not sufficient to finance the Company’s operations for at least the next twelve months. However the Company intends to seek additional equity or other financing, should the Company’s liquidity needs change.

 

Considering recent developments and the need for additional financing, there exists a material uncertainty that casts substantial doubt about the Corporation’s ability to continue as a going concern. These financial statements do not reflect adjustments that would be necessary should the company be unable to continue as a going concern. If the going concern assumption is not appropriate, then adjustments may be necessary to the carrying value and classification of assets and liabilities and reported results of operations and such an adjustment could be material.