XML 18 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 2 - Going Concern Uncertainties
12 Months Ended
Dec. 31, 2013
Going Concern [Abstract]  
Going Concern [Text Block]

2.

GOING CONCERN UNCERTAINTIES


These 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 year ended December 31, 2013, the Company has incurred a net loss of $11,296 and experienced negative operating cash flows of $1,296 with an accumulated deficit of $3,543,150 as of that date. The continuation of the Company is dependent upon the continuing financial support of its shareholders. Management believes this funding will continue, and is also actively seeking new investors. 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 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.