2. Going Concern

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Substantial Doubt about Going Concern [Text Block]

2. Going Concern

During the nine months ended September 30, 2015, the Company has experienced negative financial results as follows:

Accumulated deficit at December 31, 2014	$	(18,405,963	)
Net loss for nine months ended September 30, 2015		(634,526	)
Accumulated deficit at September 30, 2015	$	(19,040,489	)

Negative cash flows used in operating activities	$	(183,763	)

Management has developed specific current and long-term plans to address its viability as a going concern as follows:

The Company is attempting to raise funds through debt and/or equity offerings. If successful, these additional funds will be used to provide working capital. Other efforts are on going to raise funds through debt and/or equity offerings.

In the long-term, the Company believes that cash flows from growth in its operations will provide the resources for continued operations.

The Company is also pursuing other strategic initiatives including a merger or sale of the Company assets, as opportunities are available.

There can be no assurance that the Company will have the ability to implement its business plan and ultimately attain profitability. The Company’s long-term viability as a going concern is dependent upon two key factors, as follows:

	·	The ability of the Company to control costs and increase revenues.
	·	The ability of the Company to ultimately achieve adequate profitability and cash flows from operations to sustain its operations.

BIOFUELS POWER CORP 10-Q