Development Stage Company
The Company is considered a development-stage company, with limited operating revenues during the periods presented, as defined by the FASB. The FASB requires companies to report their operations, shareholders deficit and cash flows since inception through the date that revenues are generated from management’s intended operations, among other things. Management has defined inception as June 26, 2012. Since inception, the Company has incurred losses of $2,262,848. The Company’s working capital has been primarily generated through the sales of common stock. Management has provided financial data since June 26, 2012, (Inception), in the financial statements. An entity remains in the development stage until such a time as, among other factors, significant revenues have been realized. To date, the development stage of the Company’s operations consist of developing the business model, marketing concepts and beginning sales efforts.