Going Concern	12 Months Ended
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	2. GOING CONCERN The Company has incurred and continues to incur, losses from operations. For the years ended December 31, 2020 and 2019, the Company incurred net losses of approximately $1,113,000 and $1,239,000, respectively. The Company also has a working capital deficiency of approximately $ __________ and a deficit of approximately $ 31,144,000 at December 31, 2020. In addition, certain notes payable have come due and the note holders are demanding payment. In addition, as described in Note 4, the Company is currently in default on a $50,000 loan from a stockholder. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is very actively working to cure these situations. It has implemented major plans to for the future growth and development of the Company. Management is in the process of renegotiating more favorable repayment terms on the notes payable and anticipates that these negotiations will result in extended payment terms. Historically, the Company has financed its operations primarily through private financing. It is management’s intention to finance operations during 2021 primarily through the sold of additional equity to finance additional work needed for compliance and operational needs. In addition, management is actively seeking out mergers and acquisitions which would be beneficial to the future growth of the Company. There can be no assurance, however, that additional financing will be available or that any potential mergers or acquisitions would be successful and the Company may be required to further reduce expenses and scale back operations. The consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future, and does not include any adjustments to reflect possible future effects on the recoverability and classification of assets, or the amounts and classification of liabilities that may result from the outcome of this uncertainty of the Company’s ability to continue as a going concern.

Going Concern

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

2. GOING CONCERN

The Company has incurred and continues to incur, losses from operations. For the years ended December 31, 2020 and 2019, the Company incurred net losses of approximately $1,113,000 and $1,239,000, respectively. The Company also has a working capital deficiency of approximately $ __________ and a deficit of approximately $ 31,144,000 at December 31, 2020. In addition, certain notes payable have come due and the note holders are demanding payment. In addition, as described in Note 4, the Company is currently in default on a $50,000 loan from a stockholder. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Management is very actively working to cure these situations. It has implemented major plans to for the future growth and development of the Company. Management is in the process of renegotiating more favorable repayment terms on the notes payable and anticipates that these negotiations will result in extended payment terms.

Historically, the Company has financed its operations primarily through private financing. It is management’s intention to finance operations during 2021 primarily through the sold of additional equity to finance additional work needed for compliance and operational needs. In addition, management is actively seeking out mergers and acquisitions which would be beneficial to the future growth of the Company. There can be no assurance, however, that additional financing will be available or that any potential mergers or acquisitions would be successful and the Company may be required to further reduce expenses and scale back operations.

The consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future, and does not include any adjustments to reflect possible future effects on the recoverability and classification of assets, or the amounts and classification of liabilities that may result from the outcome of this uncertainty of the Company’s ability to continue as a going concern.

VIEW SYSTEMS INC 10-K