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Summary of Significant Accounting Policies (Policies)
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6 Months Ended |
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Sep. 30, 2014
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| Policies | |
| Development Stage Company |
Development stage
The company has limited operations and is considered to be in the development stage. In the year ended March 31, 2014, the Company elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the company to remove the inception to date information and all references to development stage.
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| Going Concern |
NOTE 3 GOING CONCERN
As shown in the accompanying financial statements, we have incurred net losses of $508,910 and $4,544,232 for the six months ended September 30, 2014 and 2013, respectively. In addition, we have an accumulated deficit of $6,173,428 and a working capital deficit of $617,569 as of September 30, 2014. These conditions raise substantial doubt as to our ability to continue as a going concern. In response to these conditions, we may raise additional capital through the sale of equity securities, through an offering of debt securities or through borrowings from financial institutions or individuals. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern. |