Ability to Continue as a Going Concern; Sale of Substantially All Assets

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Note 1 - Ability to Continue as a Going Concern; Sale of Substantially All Assets

Until 2007, Spatializer Audio Laboratories, Inc. (Company) was a developer, licensor and marketer of next generation technologies for the consumer electronics, personal computing, entertainment and cellular telephone markets. 

The foregoing financial statements have been prepared assuming that the Company will continue as a going concern. The Company is now a shell company and its future plans are uncertain. These circumstances raise substantial doubt about the likelihood that the Company will continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The Company's two stockholder/officers have been advancing cash to the Company on a short-term non-interest bearing basis to pay for ongoing general and administrative expenses.