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v2.4.0.6
BASIS OF PRESENTATION - GOING CONCERN
12 Months Ended
Sep. 30, 2012
Organization, Consolidation and Presentation Of Financial Statements [Abstract]  
BASIS OF PRESENTATION - GOING CONCERN
2. BASIS OF PRESENTATION – GOING CONCERN

 

Our accompanying financial statements have been prepared in conformity with GAAP, which contemplates our continuation as a going concern. In addition, at September 30, 2012, we had incurred losses of $2,365,766, have cash on hand of $19,941, and have working capital of $175,136. There is no assurance that future capital raising plans will be successful in obtaining sufficient funds to assure our eventual profitability. While management believes that actions planned and presently being taken to revise our operating and financial requirements provide the opportunity for us to continue as a going concern, there is no assurance the actions will be successful. In addition, recent events in worldwide capital markets may make it more difficult for us to raise additional equity or debt capital.

 

Our financial statements do not include any adjustments that might result from these uncertainties.