AF OCEAN INVESTMENT MANAGEMENT Co | 2013 | FY | 3


NOTE 3.              GOING CONCERN

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company had $585,000 in income for the year ended December 31, 2013 from consulting services.  For the year ended December 31, 2013, the Company sustained net losses of  ($81,482) and used cash in operating activities of ($368,353)  . .These factors raise substantial doubt about the ability of the Company to continue as a going concern.  The Company’s continuation as a going concern is dependent upon its ability to generate revenues through its new business direction.  

 

The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.


us-gaap:LiquidityDisclosureGoingConcernNote