Locate the 2015 audited annual financial statements of a company that may be experiencing financial difficulties, such as a pharmaceutical company still primarily in the research and development stage. One such company is Antibe Therapeutics Inc., a Canadian company traded on the TSX Venture Exchange and on the U.S. OTCQX Exchange.

Instructions
(a) Identify the name of the company, the business it is in,and what accounting standards are used in presenting itsfinancial statements.
(b) Briefly assess the company's liquidity, activity, profitability, and solvency using ratio analysis. Explain whetherthe ratios were useful in coming to conclusions about thecompany's health.
(c) Did the auditor express an unmodified opinion on thecompany's 2015 fiscal year-end financial statements?Comment. Is the company a going concern? On what doesthe continuation of the company depend?
(d) What is the primary measurement basis used in the preparation of the financial statements? Suggest what items onthe statement of financial position would likely be measured differently if the company were not a going concern.Be specific, suggesting a different measurement basis thatwould be preferred. Explain briefly.