RE:That was on the last financial statement what do u think That is a typical going concern note that is seen on many audited financials of venture companies where past years cashflows are negative. Its nothing to worry about at present time under current circumstances. I have comfort in the companies' current financial position given the recent positive quarters.
Ericguertin wrote: Your comment ar more than welcome
The Company has earned a net income of $149 for the six months ended June 30, 2016 (six months ended June 30, 2015 – net loss of $478), but historically has recurring operating losses. As at June 30, 2016, the Company has an accumulated deficit of $7,487 (December 31, 2015 – $7,636) from inception and working capital of $184 (December 31, 2015 – $45). Whether or when the Company can attain consistent positive cash flows from operations and the challenges of securing requisite funding beyond June 30, 2017 and the cumulative operating losses indicate the existence of an uncertainty that may cast significant doubt upon the Company’s ability to continue as a going concern. These interim consolidated statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts nor to the amounts or classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Such adjustments could be material.