NOTE 2 – GOING CONCERN

The Company has incurred losses since its inception on August 13, 2014, resulting in an accumulated deficit of $8,794,922 as of December 31, 2024, and further losses are anticipated in the development of its business. On December 31, 2024, the Company had a working capital deficit of $4,334,788. As of December 31, 2023, the Company had an accumulated deficit of $6,512,110 and a working capital deficit of $3,792,098 Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s capital requirements will depend on many factors, including the success and timing of the Company’s development efforts and its efforts to raise capital in a timely fashion as required to pursue such development in an optimal manner. Management also believes the Company needs to raise additional capital for working capital purposes. There is no assurance that such financing will be available in the future. Moreover, the reliance of the Company on short term (one year) debt to fund the Company’s business necessitates the constant need to extend such debt. While the lenders are shareholders and have historically agreed always to extend the debt, there can be no assurance that the shareholders will continue to extend such support. As the pilot development approaches its completion, the need for funding of operating costs will increase, putting a further strain on the business. The conditions described above raise substantial doubt about our ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

The ability to continue as a going concern is dependent not only on the Company’s ability to raise financing sufficient to complete its technology commercialization plan, but also its ability to generate profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from related parties, reorganization of part of its debt into equity and with a private placement of common stock either directly or as a convertible debt offering. However, there can be no assurances that management’s plans will be successful.