GOING CONCERN |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| GOING CONCERN | |
| GOING CONCERN | NOTE 3 – GOING CONCERN
The Company’s financial statements as of June 30, 2026 and December 31, 2025 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues and cash flows sufficient to cover its operating costs and allow it to continue as a going concern. At June 30, 2026, the Company had cash of $11,989 and negative working capital of $2,744,500. For the six months ended June 30, 2026 and 2025, the Company had losses of $563,747 and $592,136, respectively. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.
In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its operating expenses and seeking third party equity and/or debt financing. On March 31, 2026, the Company obtained a financial support letter from its major shareholder. It is stated in the financial support letter that the main shareholder of the Company will undertake to provide continuous financial support to enable the Companies to meet its liabilities as and when they fall due for a period of 12 months from March 31, 2026. |