NXTS · Nexentis Technologies Inc. · Documents

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

“These factors raise substantial doubt about our ability to continue as a going concern through at least twelve months from the date of this Quarterly Report. We believe that our existing capital resources will not be sufficient to support our operating plan for a period longer than 12 months from the date of issuance of these financial statements. We will likely seek to raise additional capital to support our growth or other strategic initiatives through the issuance of debt, equity, or a combination thereof. There can be no assurance we will be successful in raising additional capital on favorable terms, or at all. As a result, there is substantial doubt about our ability to continue as a going concern.”