Going Concern

6 Months Ended

Jun. 30, 2016

Going Concern [Abstract]

Going Concern

2. Going Concern

The Company's financial statements have been prepared on the assumption that it will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has sustained losses since inception through June 30, 2016 of $60,611,938, has a working capital deficit of $996,180 and $1,016,765 at June 30, 2016 and December 31, 2015, respectively.  The Company used net cash in operations of $668,601 and $684,100 during the six-months ended June 30, 2016 and 2015, respectively. As a result, the Company has had to rely principally on stockholder loans to fund its activities to date.

These recurring operating losses, liabilities exceeding assets and the reliance on cash inflows from two stockholders led the Company’s independent registered public accounting firm, Liggett & Webb, P.A., to include a statement in its audit report relating to the Company’s audited financial statements for the year ended December 31, 2015 expressing substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that may result from the outcome of this uncertainty.