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2. GOING CONCERN
3 Months Ended
Mar. 31, 2015
Risks and Uncertainties [Abstract]  
2. GOING CONCERN

As reflected in the accompanying unaudited condensed consolidated financial statements for the three months ended March 31, 2015, the Company had net losses of $459,225. Additionally, at March 31, 2015, the Company had a working capital deficit of $1,303,073, an accumulated deficit of $31,221,625 and a stockholders’ deficit of $987,127. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

Envision plans to pursue debt instruments as well as a capital raise to raise funds during the upcoming months and will continue to look to raise additional funds for further operating capital and working capital later in the fiscal year. Additionally the Company continues to pursue sales transactions that would provide additional revenues and future operating profits. All such actions and funds, if successful, may or may not be sufficient to cover monthly operating expenses as well as meet minimum payments with respect to the Company’s liabilities over the next twelve months in addition to providing additional working capital required.

 

The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.