v3.26.1
LIQUIDITY AND GOING CONCERN
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
LIQUIDITY AND GOING CONCERN

NOTE 3 – LIQUIDITY AND GOING CONCERN

 

The Company’s cash balance as of June 30, 2026, was $15,923, as compared to $9,893 as of December 31, 2025, it was increased by $6,030. The current liabilities exceeded current assets by $1,451,924, the Company had an accumulated deficit of $2,655,563. The Company has assessed its ability to continue as a going concern for the 12 months following the issuance of these financial statements. Based on this assessment, management has concluded that the going concern basis of accounting remains appropriate.

 

The Company continued to operate and fulfill contractual obligations during the period and has received substantial customer payments and has ongoing signed contracts that are expected to result in revenue recognition in the near future, supporting the continuity of its business operations.

 

Furthermore, the Company has entered into legally binding, unconditional, and enforceable agreements with its controlling shareholder to provide financial support sufficient to meet all obligations as they fall due for at least the next 12 months. The shareholder has a demonstrated history of providing such support, including capital injections and shareholder loans in recent periods. Management’s liquidity forecasts indicate that the Company will have sufficient resources to fund its operations without reliance on external financing.

 

Accordingly, management has concluded that there is no substantial doubt about the Company’s ability to continue as a going concern for at least 12 months from the date of issuance of these financial statements.