GOING CONCERN |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| GOING CONCERN | |
| GOING CONCERN | NOTE 2 - GOING CONCERN
The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.
Management evaluated all relevant conditions and events that are reasonably known or reasonably knowable, in the aggregate, as of the date the condensed consolidated financial statements are issued and determined that substantial doubt exists about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on the Company’s ability to generate revenues and raise capital. The Company has begun generating significant revenues from product sales but still not enough to provide sufficient cash flows to enable the Company to finance its operations internally. As of June 30, 2026, the Company had $13,133 cash on hand. On June 30, 2026, the Company has an accumulated deficit of $87,168,842. For the six months ended June 30, 2026, the Company had a net loss of $5,316,163, and cash used in operations of $491,646. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date of filing.
Over the next twelve months management plans to raise additional capital and to invest its working capital resources in sales and marketing in order to increase the distribution and demand for its products. However, there is no guarantee the Company will generate sufficient revenues or raise capital to continue operations. If the Company fails to generate sufficient revenue and obtain additional capital to continue at its expected level of operations, the Company may be forced to scale back or discontinue its sales and marketing efforts. The condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |