RE:MD&A's reveal a lot of debt... looks scary... Decade Resources Ltd. - Notes to the Condensed Interim Financial Statements
July 31, 2015 (Stated in Canadian Dollars) (Unaudited – Prepared by Management)
Note 2 Basis of Preparation – (cont’d)
c) Going Concern
At July 31, 2015, the Company has not generated revenue from operations, has an accumulated deficit of $8,260,840, has a working capital deficiency of $1,044,706 and expects to incur further costs in the exploration and evaluation of its mineral properties.
These condensed interim financial statements have been prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has not yet determined whether its mineral properties contain economically recoverable reserves.