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EXCEL - IDEA: XBRL DOCUMENT - MASS MEGAWATTS WIND POWER INCFinancial_Report.xls
10-K - ANNUAL REPORT - MASS MEGAWATTS WIND POWER INCmmmw_10k.htm
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v2.4.0.6
2. Going Concern
12 Months Ended
Apr. 30, 2012
Notes to Financial Statements  
2. Going Concern

NOTE 2 - GOING CONCERN

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liabilities in the ordinary course of business. As of and for the year ended April 30, 2012, the Company has a negative working capital of $57,734 and negative cash flows from operations. These conditions raise substantial doubt about Mass Megawatts' ability to continue as a going concern. Currently, management is soliciting additional equity investors through private placement offerings and is obtaining funding from Mass Megawatts' Chief Executive Officer to fund these losses; however, no assurance can be given as to the success of these efforts.

 

The financial statements of Mass Megawatts do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary if Mass Megawatts is unable to continue as a going concern.