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10-K - ANNUAL REPORT - Accelerated Acquisition XVII, Inc.aaxvii10k9302012_12202012.htm
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EX-31.1 - EXHIBIT 31.1 - Accelerated Acquisition XVII, Inc.aaxviiex311.htm
EX-32.1 - EXHIBIT 32.1 - Accelerated Acquisition XVII, Inc.aaxviiex321.htm
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v2.4.0.6
GOING CONCERN
12 Months Ended
Sep. 30, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN

 NOTE 2  - GOING CONCERN

 

      The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will realize its assets and discharge its liabilities in the normal course of business. As reflected in the accompanying financial statements, the Company has a deficit accumulated during the development stage, used cash from operations since its inception, and had $56 of working capital at September 30, 2012. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The Company’s ability to continue as a going concern is also dependent on its ability to find a suitable target company and enter into a possible reverse merger with such company. Management’s plan includes obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances; however there is no assurance of additional funding being available. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might arise as a result of this uncertainty.