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EXCEL - IDEA: XBRL DOCUMENT - SAUER ENERGY, INC.Financial_Report.xls
10-K - FORM 10K - SAUER ENERGY, INC.sauer8312012_10k.htm
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EX-32.1 - EXHIBIT 32.1 - SAUER ENERGY, INC.exhibit321_ex32z1.htm
EX-31.1 - EXHIBIT 31.1 - SAUER ENERGY, INC.exhibit311_ex31z1.htm
v2.4.0.6
Note 3 - Going Concern
12 Months Ended
Aug. 31, 2012
Notes  
Note 3 - Going Concern

Note 3 – Going Concern

 

The Company's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has accumulated a deficit of $3,352,941 as of August 31, 2012.

 

In view of the matters described above, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheets is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to raise additional capital, obtain financing and to succeed in its future operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management plans to raise additional capital through the sale of stock to pursue business development activities.