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Going Concern Considerations
6 Months Ended
Jun. 30, 2014
Going Concern Considerations  
Going Concern Considerations

2. GOING CONCERN CONSIDERATIONS

 

During the six months ended June 30, 2014, Bluegate has been unable to generate cash flows sufficient to support its operations and has been dependent on debt and equity raised from qualified individual investors and loans from a related party. In addition to negative cash flow from operations, Bluegate has experienced recurring net losses, and has a negative working capital and shareholders’ deficit.

 

These factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Bluegate is unable to continue as a going concern.