Quarterly report pursuant to sections 13 or 15(d)

Risks and Uncertainties

v2.3.0.11
Risks and Uncertainties
 3 Months Ended
Jun. 30, 2011
Risks and Uncertainties  
Concentration Risk Disclosure [Text Block]

Note 2.  Going Concern

 

These financial statements have been prepared on a going concern basis, which implies Tamandare will continue to realize its assets and discharge its liabilities in the normal course of business.  Tamandare has never generated revenues since inception and is unlikely to generate earnings in the immediate or foreseeable future.  The continuation of Tamandare as a going concern is dependent upon the continued financial support from its shareholders, the ability of Tamandare to obtain necessary equity financing to continue operations, and the attainment of profitable operations.  As of June 30, 2011, Tamandare has accumulated losses since inception.  These factors raise substantial doubt regarding Tamandare’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 Tamandare be unable to continue as a going concern.