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EXCEL - IDEA: XBRL DOCUMENT - Gunpowder Gold CorpFinancial_Report.xls
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EX-31 - CERTIFICATION - Gunpowder Gold Corpgunpowder_10k-ex3100.htm
EX-32 - CERTIFICATION - Gunpowder Gold Corpgunpowder_10k-ex3200.htm
v2.4.0.6
2. Going Concern
12 Months Ended
Aug. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
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 incurred a net operating loss of $711,706 through August 31, 2012. The Company has not commenced its operations, rather, still in the development stages, raising substantial doubt about the Company’s ability to continue as a going concern.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management has plans to seek additional capital through private placements of its common stock. Although there are no assurances that managements plans will be realized, they believe the company will be able to continue its operations in the future.

 

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.