|
Note 2 - Going Concern
|
3 Months Ended |
|---|---|
|
Nov. 30, 2011
|
|
| Going Concern [Text Block] |
Note
2 – Going Concern
As
shown in the accompanying financial statements, the Company
has incurred recurring net losses from operations resulting
in an accumulated deficit of $224,283, and a working capital
deficit of $59,671
as of November 30, 2011. These factors raise substantial
doubt about the Company’s ability to continue as a
going concern. Management is actively pursuing new ventures
to increase revenues. In addition, the Company is currently
seeking additional sources of capital to fund short term
operations. The Company, however, is dependent upon its
ability to secure equity and/or debt financing and there are
no assurances that the Company will be successful, therefore,
without sufficient financing it would be unlikely for the
Company to continue as a going concern.
The
financial statements do not include any adjustments that
might result from the outcome of any uncertainty as to the
Company’s ability to continue as a going concern. The
financial statements also do not include any adjustments
relating to the recoverability and classification of recorded
asset amounts, or amounts and classifications of liabilities
that might be necessary should the Company be unable to
continue as a going concern.
|