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EXCEL - IDEA: XBRL DOCUMENT - Generation Zero Group, Inc.Financial_Report.xls
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v2.4.0.6
Note 2 - Going Concern
12 Months Ended
Dec. 31, 2011
Notes  
Note 2 - Going Concern

NOTE 2 – GOING CONCERN

 

As shown in the accompanying financial statements, Generation Zero incurred net losses of $2,172,671 and $3,413,666, for the years ended December 31, 2010 and 2011, and had an accumulated deficit of $6,028,305 as of December 31, 2011. These conditions raise substantial doubt as to Generation Zero’s ability to continue as a going concern. The Company is trying to raise additional capital. The Company is in the process of evaluating both joint venture partners and acquisitions with proven revenue streams. The financial statements do not include any adjustments that might be necessary if Generation Zero is unable to continue as a going concern.