Note 1 Note 1
Note 1 that the BDC auditing references is the companies description:
“In March 2020 the World Health Organization declared coronavirus COVID19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. It is not possible for the Company to predict the duration of the return of public access to hospitals and how quickly marketing and installations can proceed.
These consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities in the normal course of business as they come due. There is no certainty whether the Company will generate significant revenues or attain profitable operations in the near future and there can be no assurance that it will achieve profitability in the future, as it incurred a loss of $1,850,676 and had a negative cash flow from operating activities of $1,100,354 for the year ended December 31, 2020, and has accumulated $39,867,182 of losses as at December 31, 2020. The Company's ability to continue as a going concern is dependent on its raising of future required capital, bringing its products to market and achieving and maintaining profitable operations. The outcome of these matters cannot be predicted at this time. As a result there exists a material uncertainty which creates significant doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments and classifications of assets and liabilities, which might be necessary should the Company be unable to continue its operations. Such adjustments could be material.”
VENTRIPOINT DIAGNOSTICS LTD. CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2020 AND 2019 (EXPRESSED IN CANADIAN DOLLARS)
Note1. Page5
Source:www.sedar.com
I am an idiot, and no one should listen to anything that I say, nor should anyone listen to anyone to promotes something-without an extremely heavy dose of skepticism, and a huge amount of research. Heck, that’s what I do.
And my due diligence reveals factual information from sedar.
This is direct information from sedar