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EX-32 - CERTIFICATION - Sputnik Enterprises, Incspni_ex32.htm
EX-31 - CERTIFICATION - Sputnik Enterprises, Incspni_ex31.htm
XML - IDEA: XBRL DOCUMENT - Sputnik Enterprises, IncR11.htm
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EXCEL - IDEA: XBRL DOCUMENT - Sputnik Enterprises, IncFinancial_Report.xls
10-K - FORM 10-K - Sputnik Enterprises, Incspni_10k.htm
v2.4.0.8
Going Concern
12 Months Ended
Dec. 31, 2013
Going Concern  
NOTE 3 - GOING CONCERN

The Company incurred a net loss of $121,460 during the year ended December 31, 2013 and had net cash used in operating activities of $67,435 for the same period. Additionally, the Company had a deficit accumulated during the development stage of $229,418 at December 31, 2013. In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to achieve a level of profitability or to obtain adequate financing through the issuance of debt or equity in order to finance its operations. Upon securing an operating entity, through merger, Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

While the Company is attempting to commence operations and produce revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.