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GOING CONCERN
12 Months Ended
Oct. 31, 2023
GOING CONCERN  
GOING CONCERN

NOTE 2. GOING CONCERN

 

The accompanying financial statements are presented on a going concern basis. The Company has had limited operations during the period from January 23, 2012 (date of inception) to October 31, 2023 and generated an accumulated deficit of $194,026. This condition raises substantial doubt about the Company’s ability to continue as a going concern. The Company is currently in the exploration stage with no operations and has minimal expenses, however, management believes that the Company’s current cash is insufficient to cover the expenses they will incur during the next twelve months in a limited operations scenario or until it raises additional funding. The Company has depended upon loans from its president and shareholders for operating capital. As of October 31, 2023, the Company had a working capital deficit of $134,026 and $0 cash, compared to a working capital deficit of $116,363 and cash of $0 as of October 31, 2022.

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.