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EXCEL - IDEA: XBRL DOCUMENT - ON THE MOVE SYSTEMS CORP.Financial_Report.xls
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10-Q/A - FORM 10-Q AMENDMENT NO. 1 FOR 08-31-2012 - ON THE MOVE SYSTEMS CORP.form_10-q.htm
v2.4.0.6
Going Concern
6 Months Ended
Aug. 31, 2012
Going Concern [Abstract]  
Going Concern

2. Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the six months ended August 31, 2012, the Company had a net loss of $166,283. The Company has not generated positive cash flow from operations since inception and does not expect to generate positive cash flow from operations during the coming year. In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to achieve a level of profitability which would generate positive cash flow or from its ability to raise adequate capital either from sales of equity securities or the issuance of debt. The Company intends on financing its operations and its working capital needs largely through the issuance of debt. There is no assurance that the Company will be able to obtain adequate financing when needed or that such financing will be available on terms that are acceptable to the Company. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.