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EXCEL - IDEA: XBRL DOCUMENT - AntriaBio, Inc.Financial_Report.xls
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EX-32.1 - CERTIFICATION - AntriaBio, Inc.v301295_ex32-1.htm
EX-31.1 - CERTIFICATION - AntriaBio, Inc.v301295_ex31-2.htm
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10-Q - 10-Q - AntriaBio, Inc.v301295_10q.htm
EX-31.1 - CERTIFICATION - AntriaBio, Inc.v301295_ex31-1.htm
v2.4.0.6
Going Concern
6 Months Ended
Dec. 31, 2011
Going Concern

Note 3 Going Concern

 

As reflected in the accompanying financial statements, the Company has a net loss of $15,392 and net cash used in operations of $21,184 for the six months ended December 31, 2011, and a deficit accumulated during the development stage of $57,319.  In addition, the Company is in the development stage and has not yet generated any revenues. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

While the Company has positive working capital at December 31, 2011, the Company expects that its current cash resources as well as expected lack of operating cash flows will not be sufficient to sustain operations for a period greater than six months.

 

The ability of the Company to continue its operations is dependent on Management's plans, which include continuing to raise equity based financing as well as development of the business plan.

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

 

These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.