The financial statements have been prepared on a going concern basis. The Directors have assessed the Company's ability to continue as a going concern, considering both current and future financial performance, cash flow forecasts, and available financing options.
In making this assessment, the Directors have considered the potential risks and uncertainties facing the business, including but not limited to market conditions, competitive pressures, and regulatory changes. The Directors have also reviewed the Company's current financial position, including its liquidity, capital structure, and access to funding.
After careful consideration of these factors, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on a going concern basis.
The Directors are satisfied that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for at least 12 months from the date of approval of these financial statements.