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NOTE 1: ORGANIZATION AND BASIS OF PRESENTATION: Going Concern (Policies)
6 Months Ended
Jun. 30, 2025
Policies  
Going Concern

Going Concern

 

The accompanying consolidated financial statements have been prepared on a going concern basis which implies the Company will continue to meet its obligations for the next 12 months as of the date these financial statements are issued.

 

The Company had a working capital deficit of $24,140,636 and an accumulated deficit of $83,869,689 as of June 30, 2025. The Company also had a net loss of $4,797,466 for the six months ended June 30, 2025.

 

Management’s plan to continue as a going concern includes raising capital in the form of debt or equity, growing the CFN Business, growing the Ranco Business, managing and reducing operating and overhead costs and continuing to pursue strategic transactions and opportunities including launching an e-commerce network focused on the sale of general wellness cannabidiol, or CBD, products.

 

These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.