CJAX · CoJax Oil & Gas Corp

Substantial doubt about the company's ability to continue as a going concern.

“The Company has yet to achieve consecutive quarters of profitable operations, expects to incur further losses in the development of its business, has only recently begun producing positive cash flows from operating activities, and is dependent upon future issuances of equity or other financings to fund ongoing operations, all of which raises substantial doubt about the Company's ability to continue as a going concern.”