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EXCEL - IDEA: XBRL DOCUMENT - Xenetic Biosciences, Inc.Financial_Report.xls
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EX-32.1 - EXHIBIT 32.1 - Xenetic Biosciences, Inc.ex32_1.htm
EX-31.2 - EXHIBIT 31.2 - Xenetic Biosciences, Inc.ex31_2.htm
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EX-10.2 - EXHIBIT 10.2 - Xenetic Biosciences, Inc.ex10_2.htm
v2.4.0.6
GOING CONCERN
12 Months Ended
Aug. 31, 2012
Notes to Financial Statements  
GOING CONCERN

 

The accompanying 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. The Company has incurred a net loss of $137,908 for the period of August 9, 2011 (inception) to August 31, 2012, and it is expected that it will continue to have negative cash flows as the business plan is implemented.

 

These conditions give rise to doubt about the Company’s ability to continue as a going concern. These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to obtain additional financing or sale of its common stock as may be required and ultimately to attain profitability.