v3.26.1
GOING CONCERN
6 Months Ended
Jun. 30, 2026
GOING CONCERN  
GOING CONCERN

NOTE 2 – GOING CONCERN

 

The Company reported a net loss available to common shareholders of $1,146,574 and $1,092,819 for the three and six months ended June 30, 2026 and utilized net cash in operating activities of $421,383 and $419,522 during the same periods, respectively. The Company has an accumulated stockholders’ deficit of $3,613,174 and a working capital deficit of $4,501,101 as of June 30, 2026.

 

The Company has incurred significant losses since inception, has not yet attained consistently profitable operations, and remains dependent upon obtaining financing to support operations and pursue its business plans.

 

Such business plans include expansion within existing markets and penetration into new markets, acquisition of other businesses to enhance or complement the current business model while accelerating growth, collaboration with other businesses to pursue strategic opportunities when appropriate, and securing debt and/or equity financing to support such initiatives.

 

There can be no assurances that financing will be available on terms which are acceptable to the Company, or available at all. If the Company is unable to raise additional funding to meet its working capital needs and pursue such business plans, it may be forced to delay, reduce, or cease its operations.

 

Such factors create substantial doubt about the Company’s ability to continue as a going concern during the twelve-month period immediately subsequent to the issuance of these financial statements.

 

These consolidated condensed financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Accordingly, these financial statements have been prepared on a basis that assumes the Company will continue as a going concern which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business.