XML 16 R8.htm IDEA: XBRL DOCUMENT v3.23.2
GOING CONCERN CONSIDERATIONS
6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Substantial Doubt about Going Concern [Text Block]

2. GOING CONCERN CONSIDERATIONS

 

During the six months ended June 30, 2023 and 2022, and as of June 30, 2023 and December 31, 2022, we have been unable to generate cash flows sufficient to support our operations and have been dependent on debt raised from a related party. We experienced negative financial results as follows:

 

   

2023

   

2022

 

Net loss for the six months ended June 30, 2023 and 2022

  $ (287,565

)

  $ (173,820

)

Negative working capital as of June 30, 2023 and December 31, 2022

    (94,314

)

    (28,451

)

Stockholders’ deficit as of June 30, 2023 and December 31, 2022

    (94,314

)

    (28,451

)

 

These factors raise substantial doubt about our ability to continue as a going concern. The financial statements contained herein do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should we be unable to continue in existence. Our ability to continue as a going concern is dependent upon our ability to generate sufficient cash flows to meet our obligations on a timely basis, to obtain additional financing as may be required, and ultimately to attain profitable operations. However, there is no assurance that profitable operations or sufficient cash flows will occur in the future.