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NOTE 1 - NATURE AND CONTINUANCE OF OPERATIONS
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12 Months Ended |
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Mar. 31, 2013
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| Note 1 Natureand Continuanceof Operations [Abstract] | |
| Note 1 Natureand Continuanceof Operations |
NOTE
1 – NATURE AND CONTINUANCE OF OPERATIONS
Multiplayer
Online Dragon, Inc. (the “Company”) was
incorporated in the State of Nevada in the United States on
July 3, 2008. The principal activity of the Company is
planned to be designing, hosting, and marketing collaborative
internet search communications systems. On
December 21, 2010, as more fully discussed in Note 3, the
Company entered into an agreement to participate in a joint
venture for the purpose of developing certain computer
software programs for commercialization.
These
financial statements have been prepared on a going concern
basis, which assumes the Company will continue to realize its
assets and discharge its liabilities in the normal course of
business. The Company has incurred losses totaling $586,168
for the period from July 3, 2008 (inception) to March 31,
2013. While the Company had working capital of
$56,464 as at March 31, 2013, the Company is committed to
incurring substantive research and development expenses in a
software development joint venture (Note 3). Accordingly, it
is likely the Company will continue to experience significant
losses in the foreseeable future, for which it will continue
to be dependent upon additional funding through private
placements. There is no assurance that such
funding, which may continue to include related party sources
(Note 5), will be available in the future.
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.
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