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GOING CONCERN CONSIDERATIONS
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9 Months Ended |
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Sep. 30, 2012
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| Going Concern Considerations [Abstract] | |
| GOING CONCERN CONSIDERATIONS | NOTE 2 – GOING CONCERN CONSIDERATIONS
From our inception in 1998, until commencement of our spine injury diagnostic operations in August, 2009, our expenses substantially exceeded our revenue, resulting in continuing losses and an accumulated deficit from operations of $15,004,698 as of December 31, 2009. Since that time, we have been able to reduce our accumulated deficit, which is $12,388,328 as of September 30, 2012. During the nine months ended September 30, 2012, we realized net revenue of $3,149,905 and net income of $199,817. Success of our business operations and a transition to positive cash flows from operations are dependent upon our ability to obtain additional financing and achieve a level of collections adequate to support our cost structure. Due to the extended collection period for receivable that is inherent in our business, we are not currently generating adequate liquidity and sufficient working capital to fund our planned operations and strategic business plan through September 30, 2013. There can be no assurances that adequate financing will be available to us. The accompanying financial statements have been prepared assuming that we will continue as a going concern. This basis of accounting contemplates the recovery of our assets and the satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. |