Carbeeza Inc Com V.HIT

12,195,725 in dept as of SEPT 30,2017

[BirchBrook]

"may cast substantial doubt regarding the Company’s ability to continue as a going concern"

These unaudited interim consolidated financial statements have been prepared on the 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 quarter ended September 30, 2017, the Company incurred a loss of $282,827 (quarter ended September 30, 2016 - loss of $469,549), negative cash flows from operating activities of $172,593 (quarter ended September 30, 2016 - $216,269), and an accumulated deficit of $12,195,725 at September 30, 2017 (June 30, 2017 - accumulated deficit of $11,912,898). These conditions indicate the existence of a material uncertainty that may cast substantial doubt regarding the Company’s ability to continue as a going concern

150.00 in cash flow. 


Cash flow from financing activities Cash flow from financing activities was $150,00 for the three months ended September 30, 2017 compared to cash from financing activities of ($1,787) for the corresponding period of the prior year. The current year reflects the net proceeds from the Unit issuance during the quarter. Cash flow used in investing activities During the three months ended September 30, 2017, the Company used cash flow of $2,955 in investing activities compared to the prior year when the Company used cash in investing activities of $24,285

[lionstar32]

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