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GOING CONCERN CONSIDERATIONS
6 Months Ended
Jun. 30, 2020
Going Concern Considerations  
GOING CONCERN CONSIDERATIONS

2. GOING CONCERN CONSIDERATIONS

 

During the six months ended June 30, 2020, Logicquest has been unable to generate cash flows sufficient to support its operations and has been dependent on debt raised from a related party. In addition to negative cash flow from operations, Logicquest has experienced recurring net losses, and has a negative working capital and stockholders’ 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 Logicquest is unable to continue as a going concern.