Annual report pursuant to Section 13 and 15(d)

Nature of Operations, Continuance of Business, and Going Concern

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Nature of Operations, Continuance of Business, and Going Concern
12 Months Ended
Aug. 31, 2013
Nature of Operations, Continuance of Business, and Going Concern  
Nature of Operations, Continuance of Business, and Going Concern

1.Nature of Operations, Continuance of Business, and Going Concern

 

Scoop Media, Inc. (the “Company”) was incorporated in the state of Nevada on March 18, 2011.  The Company has been in the development stage since its formation and has not commenced business operations.  

 

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. During the period from March 18, 2011 (inception) to August 31, 2013, the Company has an accumulated deficit of $95,905. The Company intends to engage in the business of developing a website that will provide reviews and information on online dating sites.  The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.