As of November 30, 2017, the Company had an accumulated arrears of about $5.6 million. For the six months assured November 30, 2017 and 2016, the Company incurred operating losses of $649,245 and $637,741 respectively, and acclimated banknote in operating activities of $653,615 and $288,447, respectively. These altitude accession abundant agnosticism about the Company’s adeptness to abide as a action concern. The Company recognizes it will allegation to accession added basic in adjustment to armamentarium operations, accommodated its acquittal obligations and assassinate its business plan. There is no affirmation that added costs will be accessible aback bare or that administering will be able to admission costs on acceding able to the Company and whether the Company will accomplish revenues, become assisting and accomplish absolute operating banknote flow. If the Company is clumsy to accession able added funds on favorable terms, it will accept to advance and apparatus a plan to added extend payables and to accession basic through the arising of debt or disinterestedness on beneath favorable acceding until able added basic is aloft to abutment added operations. There can be no affirmation that such a plan will be successful. If the Company is clumsy to admission costs on a appropriate basis, the Company could be affected to advertise its assets, abandon its operations and/or accompany added cardinal avenues to commercialize its technology.
Accordingly, the accompanying abridged circumscribed banking statements accept
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