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Note 3 - Going Concern Uncertainties
9 Months Ended
Sep. 30, 2012
Going Concern [Abstract]  
Going Concern [Text Block]

NOTE3     GOING CONCERN UNCERTAINTIES


These condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.


For the nine months ended September 30, 2012, the Company has incurred a net loss of $155,498 and experienced the negative operating cash flows of $108,110 with an accumulated deficit of $3,512,215 as of that date. The continuation of the Company is dependent upon the continuing financial support of shareholders. Management believes the existing stockholders will provide the additional cash to meet the Company’s obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.


These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.