|
Note 2 - Going Concern
|
6 Months Ended |
|---|---|
|
Feb. 29, 2012
|
|
| 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 $229,325, and a working
capital deficit of $63,665 as of February 29, 2012. 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.
|