v3.26.1
Liquidity
6 Months Ended
Jun. 30, 2026
Liquidity [Abstract]  
Liquidity

NOTE 3: LIQUIDITY

 

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the Company will continue to realize its assets and discharge its liabilities in the normal course of business. Historically, the Company’s recurring losses from operations and accumulated deficit raised substantial doubt about the Company’s ability to continue as a going concern. The continuation of the Company as a going concern has depended upon, among other things, the continued financial support from its common unitholders, the ability of the Company to obtain necessary equity or debt financing, and the attainment of profitable operations. However, the Company’s financial position significantly improved in the six months ended June 30, 2026, reflecting net income of $1,587,115 and an accumulated deficit that decreased to $7,203,464 as of June 30, 2026, due primarily to net settlement income of $3,000,990. Based on the settlement income received and management’s plans, management concluded that the substantial doubt that previously existed regarding the Company’s ability to continue as a going concern has been alleviated and that there is no substantial doubt about the Company’s ability to continue as a going concern for a period of at least twelve months from the date these financial statements are issued.

 

The Company expects to meet its current capital requirements through existing operations. However, there can be no assurance that the Company will generate sufficient cash flows to meet all working capital needs. If operating cash flows are insufficient, the Company may need to explore alternative sources of capital to satisfy its liquidity requirements.