NOTE 2 – BASIS OF PRESENTATION AND GOING CONCERN

For the three months ended March 31, 2018, the Company used cash in operating activities of $187,613. The accumulated deficit since inception is $9,848,442, which is comprised of operating losses and other expenses. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. There is no guarantee whether the Company will be able to generate sufficient revenue and/or raise capital sufficient to support its operations. The ability of the Company to continue as a going concern is dependent on management’s plans which include implementation of its business model to acquire cash-flowing businesses, grow revenue and earnings of those companies, and continue to raise funds through debt or equity offerings.

On March 31, 2017, the Company completed the first $1,050,000 tranche of a convertible bridge note offering (the “Bridge Offering”). Through the end of 2017, the Company closed an additional $600,000 of follow-on investments in the Bridge Offering. The proceeds from this offering combined with funds the Company has raised in the subsequent period (see “Note 12: Subsequent Events”) are expected to provide working capital for the Company through the second quarter of 2018, though there can be no assurances.

The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.