Going Concern	6 Months Ended
Jun. 30, 2019
Going Concern
NOTE 4. Going Concern	4. Going Concern The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company incurred net losses of $3,264,520 for the six months ended June 30, 2019 and had net cash used in operating activities of $18,470 for the same period. Additionally, the Company has an accumulated deficit of $26,651,153 and a working capital deficit of $1,601,888 at June 30, 2019. These conditions raise substantial doubt about the Company’ s ability to continue as a going concern for a period of at least twelve months after the date of issuance on these financial statements. In view of these matters, the Company’ s ability to continue as a going concern is dependent upon the Company’ s ability to achieve a level of profitability and/or to obtain adequate financing through the issuance of debt or equity in order to finance its operations. While the Company is attempting to commence operations and produce revenues, the Company’ s cash position may not be significant enough to support the Company’ s operations. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The key factors that are not within the Company’ s control and that may have a direct bearing on operating results include, but are not limited to, acceptance of the Company’ s business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to hire key employees to build and maintain websites and to provide services and support to its customers and users. There may be other risks and circumstances that management may be unable to predict. 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 possible inability of the Company to continue as a going concern.

Going Concern

6 Months Ended

Jun. 30, 2019

4. Going Concern

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.

The Company incurred net losses of $3,264,520 for the six months ended June 30, 2019 and had net cash used in operating activities of $18,470 for the same period. Additionally, the Company has an accumulated deficit of $26,651,153 and a working capital deficit of $1,601,888 at June 30, 2019. These conditions raise substantial doubt about the Company’ s ability to continue as a going concern for a period of at least twelve months after the date of issuance on these financial statements. In view of these matters, the Company’ s ability to continue as a going concern is dependent upon the Company’ s ability to achieve a level of profitability and/or to obtain adequate financing through the issuance of debt or equity in order to finance its operations.

While the Company is attempting to commence operations and produce revenues, the Company’ s cash position may not be significant enough to support the Company’ s operations. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The key factors that are not within the Company’ s control and that may have a direct bearing on operating results include, but are not limited to, acceptance of the Company’ s business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to hire key employees to build and maintain websites and to provide services and support to its customers and users. There may be other risks and circumstances that management may be unable to predict.

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 possible inability of the Company to continue as a going concern.

REAC GROUP, INC. 10-Q/A