Lans Holdings, Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - February 5, 2013

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10-K - MAINBODY - Lans Holdings, Inc.mainbody.htm
v2.4.0.6
GOING CONCERN
 12 Months Ended
Nov. 30, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has negative working capital, has incurred losses of $108,548 since its inception and has not yet produced revenues from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern.

 

The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern. Management anticipates that it will be able to raise additional working capital through the issuance of stock and through additional loans from investors.

 

The ability of the Company to continue as a going concern is dependent upon the Company’s ability to attain a satisfactory level of profitability and obtain suitable and adequate financing. There can be no assurance that management's plan will be successful.

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