DE Acquisition 5, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - July 6, 2012

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10-Q - DE ACQUISITION 5, INC. FORM 10-Q 05.31.2012 - DE Acquisition 5, Inc.f120706form10q05312012deacq5.htm
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Commitment and Contingencies
 3 Months Ended
May 31, 2012
Commitment and Contingencies:  
Commitments and Contingencies Disclosure

Note 3 – Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As reflected in the accompanying financial statements, the Company had a deficit accumulated during the development stage of $9,734 at May 31, 2012, and had a net loss of $2,646 for the three months ended May 31, 2012 and cash used in operations of $2,646 for the three months ended May 31, 2012, with no revenues earned since inception.

 

While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be sufficient enough to support the Company’s daily operations.  Management intends to raise additional funds by way of a public or private offering.  Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern.  While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect.  The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.

 

The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

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