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Note 2 - Going Concern
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9 Months Ended |
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May 31, 2012
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| 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 $234,661, and a working capital
deficit of $67,953 as of May 31, 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.
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