Post by
GoodMonkey on Sep 24, 2022 9:52am
significant doubt...
....on the Company’s ability to continue as a going concern
(b) Going Concern (continued): As at June 30, 2022, the Company had a working capital of $4,559,734, an accumulated deficit of $27,321,735 and for the nine months ended June 30, 2022, the Company incurred a net loss of $13,563,474, and net cash outflows from operations of $10,855,067 Although the Company has previously been successful in obtaining financing in the past, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms acceptable to the Company. These conditions indicate a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. Should the Company be unable to continue as a going concern, the net realizable value of its assets may be materially less than the amounts on its condensed consolidated interim statement of financial position.
Junk Kitchen Holdings Corp.
Condensed Consolidated Interim Financial Statements
For the Nine months Ended June 30, 2022 and 2021