STUDIO II BRANDS INC | 2013 | FY | 3


NOTE 2 GOING CONCERN AND MANAGEMENTS’S PLANS

 

The Company’s independent registered public accounting firm’s report of the consolidated financial statements for the years ended March 31, 2013 and 2012 contained an explanatory paragraph regarding the Company’s ability to continue as a going concern.

 

These consolidated financial statements have been prepared assuming that the Company will continue as a going concern and, accordingly, they do not include any adjustments that might result from the outcome of this uncertainty.  The Company’s minimal revenues, its dependency on continuing funding from its stockholders raise substantial doubt about its ability to continue as a going concern.  The Company's business plan includes raising funds from outside potential investors.  However, there is no assurance that it will be able to do so.


us-gaap:LiquidityDisclosureGoingConcernNote