QXL · Quantum X Labs Inc. · Debt

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

“The decline in revenues and other circumstances described above raise substantial doubts about the Company's ability to continue as a going concern during the 12-month period following the issuance date of these financial statements. Notwithstanding the foregoing, there remains uncertainty as to whether the Company will be able to secure additional funding when needed. Such conditions raise substantial doubts about the Company's ability to continue as a going concern for at least a year after the issuance date of the accompanying financial statements.”