THE ONLY INFORMATION YOU NEED TO SEE:
At March 31, 2018, the Company has not achieved profitable operations and has accumulated losses of $9,142,454 (December 31, 2017 – $8,815,714) since inception and expects to incur further losses in the development of its business. This material uncertainty may cast significant doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on its ability to attain profitable operations to generate funds and/or its ability to raise equity capital or borrowings sufficient to meet its current and future obligations. (THIS STATEMENT IS NOT IN EVERY COMPANIES NEWS RELEASE WITH SUCH LOSSES)
Going Concern The preparation of these financial statements requires management to make judgments regarding the going concern of the Company. As at March 31, 2018, the Company had working capital of $242,494 (December 31, 2016 – $498,157). The Company likely has insufficient funds from which to finance its operating activities for the next 12 months; consequently, the Company remains dependent on external sources of financing until such time as it can internally generate sufficient income from software sales to service its on-going operating cost requirements.