As at December 31, 2018, the Company has a cash balance of $34,426 and current liabilities of $737,222 due within 12 months. As at December 31, 2018, the Company has working capital deficiency of $412,085. If adequate funds are not available on acceptable terms, the Company may not be able to fund its planned operations for at least the next 12 months and as a result may be required to substantially reduce or temporarily cease its operations, including but not limited to the reduction of payroll costs, development activities and other operating expenditures.