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EXCEL - IDEA: XBRL DOCUMENT - GRAPHITE CORPFinancial_Report.xls
10-K - DECEMBER 31, 2011 10-K - GRAPHITE CORPf10k123111_10k.htm
XML - IDEA: XBRL DOCUMENT - GRAPHITE CORPR1.htm
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EX-31.2 - EXHIBIT 31.2 SECTION 302 CERTIFICATIONS - GRAPHITE CORPf10k123111_ex31z2.htm
EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATIONS - GRAPHITE CORPf10k123111_ex31z1.htm
XML - IDEA: XBRL DOCUMENT - GRAPHITE CORPR13.htm
EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATIONS - GRAPHITE CORPf10k123111_ex32z1.htm
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GOING CONERN
12 Months Ended
Dec. 31, 2011
GOING CONERN  
GOING CONERN

NOTE 2 - GOING CONCERN

 

The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

 

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.