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Liquidity and Going Concern
3 Months Ended
Mar. 31, 2019
Liquidity And Going Concern  
Liquidity and Going Concern

The Company has a limited operating history and the sales and income potential of its business and market are unproven. As of March 31, 2019, the Company has an accumulated deficit of $31.7 million and has experienced net losses each year since its inception. The Company anticipates that it will continue to incur net losses into the foreseeable future and will need to raise additional capital to continue. The Company’s cash is not sufficient to fund its operations through the first quarter of 2020. These factors raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months following the date of the filing of this Quarterly Report on Form 10-Q.

 

Management’s plan includes raising funds from outside investors. However, there is no assurance that outside funding will be available to the Company, outside funding will be obtained on favorable terms or will provide the Company with sufficient capital to meet its objectives. These financial statements do not include any adjustments relating to the recoverability and classification of assets, carrying amounts or the amount and classification of liabilities that may be required should the Company be unable to continue as a going concern.