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EXCEL - IDEA: XBRL DOCUMENT - GOLF ROUNDS COM INCFinancial_Report.xls
10-K - FORM 10-K - GOLF ROUNDS COM INCteee_10k.htm
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EX-32.1 - CERTIFICATION - GOLF ROUNDS COM INCteee_ex321.htm
EX-99.1 - RISK FACTORS - GOLF ROUNDS COM INCteee_ex991.htm
EX-31.1 - CERTIFICATION - GOLF ROUNDS COM INCteee_ex311.htm
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v2.4.0.6
GOING CONCERN
12 Months Ended
Aug. 31, 2012
Notes to Financial Statements  
NOTE 2. GOING CONCERN

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  During the year ended August 31, 2012, the Company had a net loss of $101,583, had net cash used in operations of $53,067, and had no revenues from operations.  These factors among others indicate that the Company may be unable to continue as a going concern.  The Company’s existence is dependent upon management’s ability to effect a business combination with a target business and/or obtain additional funding sources.  There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems.  The accompanying financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern.