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EXCEL - IDEA: XBRL DOCUMENT - UAN Power CorpFinancial_Report.xls
10-Q/A - UAN POWER CORP. - UAN Power Corpeps4446.htm
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v2.3.0.15
Going Concern
3 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
Going Concern

 

NOTE 2 - GOING CONCERN

 

These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. During the three month period ended September 30, 2011, the Company recognized no sales revenue and incurred a net loss of $61,705, and had an accumulated deficit of $286,030 from inception on May 8, 2009 through September 30, 2011. The continuation of the Company as a going concern is dependent upon the continued financial support from its Shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.