GOING CONCERN |
6 Months Ended | |||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||
| GOING CONCERN | ||||||||||||||||
| GOING CONCERN | NOTE 2 – GOING CONCERN
As reflected in the financial statements, the Company had an accumulated deficit of $45,587,093 at June 30, 2026. Management notes, however, that a substantial portion of the Company’s reported loss and operating expenses for the six months ended June 30, 2026 consisted of non-cash items, including stock-based compensation.
The Company's ability to continue as a going concern is contingent upon achieving future profitable operations and securing sufficient financing to meet operational obligations. Management plans to fund operations over the next twelve months through existing cash resources, related party support, additional debt or equity financing, and potential capital raises via public or private offerings. Management is actively pursuing these funding and business development initiatives and believes that such efforts, together with ongoing liability management and strategic expansion activities, may support the Company’s operations and business objectives over the next twelve months. However, there can be no assurance that the Company will ultimately be successful in obtaining sufficient financing or achieving profitable operations.
To improve its financial position, the Company has implemented a comprehensive strategy focused on:
Management believes these initiatives will support long-term financial improvement and future business expansion. The Company will continue to monitor and report on their operational and financial progress. |