v3.26.1
GOING CONCERN
3 Months Ended
Mar. 31, 2026
GOING CONCERN  
GOING CONCERN

NOTE 3 – GOING CONCERN

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. The Company had minimal cash at March 31, 2026, had no revenue for the three months ended March 31, 2026 and the years ended December 31, 2025 and 2024, and incurred a loss from operations for the three months ended March 31, 2026 as well as prior years, had negative cash flow from operations for the three months ended March 31, 2026, and had a stockholders’ deficit as of March 31, 2026. To date, the Company has not generated any revenue subsequent to December 31, 2022 and did not generate any products from its research and development activities.  These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date of the financial statements being issued. In addition, the Company’s independent registered public accounting firm, in its report on the Company’s December 31, 2025 financial statements, has expressed substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

Management recognizes that the Company must obtain additional funds and implement its business plans. However, because of the no revenue and the absence of any active trading market for its common stock, its financial condition and its lack of an operating history, the Company may not be able to raise funds for capital expenditures, working capital and other cash requirements.  The Company’s primary source of funds for the three months ended March 31, 2026 has been advances from a minority stockholder. This stockholder has continued to be the Company’s principal source of funds and the Company will have to continue to rely on advances from the minority stockholder. If the Company cannot generate revenue from its products, it may not be able to continue in its business.