OVERVIEW

The following discussion of the financial condition, changes in financial condition and results of operations of the Company for the fiscal years ended December 31, 2021 and 2020 should be read in conjunction with the financial statements of the Company and related notes included therein.

The Company was incorporated on August 31, 1995 as Visioneering Corporation. In 1999, the Company acquired 20/20 Web Design, Inc., a Colorado corporation wholly owned by Crown Partners, Inc. In August, 2009, Crown Partners transferred its shares of the Company to Crown Marketing Corporation ("Crown Marketing") in exchange for marketing and public relation services to be provided by Crown Marketing.

The Company continues to search for additional areas in which it can generate revenue so that the Company will become profitable but there can be no guarantee that profitability will be achieved in the near- or long-term.






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The Company will attempt to carry out its business plan as discussed below. The Company's business plan is to continue building its network of online publishing sites, as well as continuing to provide the consulting and services to its client on an as-needed basis. These services include general and financial management to private and public companies with an emphasis on their financial reporting and filing requirements. Such service is subject to the needs of its clients and may vary by company. The Company will attempt to carry out its business plan as described above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan prior to the consummation of a business combination.

LIQUIDITY AND CAPITAL RESOURCES

Since inception, the Company's most significant change in liquidity or capital resources or stockholders' equity has been receipts of proceeds from offerings of its capital stock. The revenue transaction does not reflect the ability of the Company to fund itself without outside sources in the future. Further, there exist no agreements or understandings with regard to loan agreements by or with the Officers, Directors, principals, affiliates or shareholders of the Company. In the past, officers and directors of the Company have lent or advanced monies to the Company to fund operations, there are no formal agreements or arrangements for them to continue to do so. As of December 31, 2021, the Company has $4,320 in cash, $325,794 held in brokerage accounts and $2,414 of long-term debt.

On December 31, 2021, the Company had negative working capital of $681,164 which consisted of current assets of $330,114 and current liabilities of $1,011,278. The current liabilities of the Company on December 31, 2021 are composed of accounts payable and accrued expenses of $139,979, accounts payable and accrued expenses and notes payable to related party of $830,790 and $22,340, respectively, deferred revenue from related party $0 current portion of long-term debt of $2,414.

Cash flows used in operating activities during the year ended December 31, 2021 was $18,693 compared to cash flow used of $72,957 for the same period in 2020.

Cash flows used in investing activities were $200,000 and $174,597 for the years ended December 31, 2021 and December 31, 2020 respectively.

Cash flows provided by financing activities was $182,580 for the year ended December 31, 2021 compared to $249,604 for the same period in 2020. The financing activities in 2021 consisted mostly of proceeds from sale of stock.

As of December 31, 2021, the Company had total assets of $340,134 and total liabilities of $1,013,692. Stockholders' deficit as of December 31, 2021 was $673,558 compared to a deficit of $443,796 on December 31, 2020. The Company will attempt to carry out its plan of business as discussed above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan. The Company will need additional capital to fund that proposed operation.

NEED FOR ADDITIONAL FINANCING

The Company's existing capital may not be sufficient to meet the Company's cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended.

No commitments to provide additional funds have been made by management or other stockholders. Accordingly, there can be no assurance that any funds will be available to the Company to allow it to cover its expenses.

The Company might seek to compensate providers of services by issuances of stock in lieu of cash.

RESULTS OF OPERATIONS - Comparison of the Year Ended December 31, 2021 to the Year Ended December 31, 2020





REVENUES

Sales for the year ended December 31, 2021 were $15,660 compared to $7,948 for the year ended December 31, 2020, an increase of $7,712. Of the $15,660 revenue in 2021, $11,483 was from related parties.






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OPERATING EXPENSES

During the year ended December 31, 2021, we incurred $513,443 in operating expenses, compared to $639,820 in the same period ended December 31, 2020, a decrease of $126,378 mainly due to increase in administrative contract expenses.





OTHER INCOME AND EXPENSES

During the year ended December 31, 2021, we incurred other expenses of $46,990, consisting of interest expense of $5,466, amortization of the beneficial conversion feature of our convertible notes of $14,805, investment expense of $2,008 and loss on settlement of accounts payable of $0. During the year ended December 31, 2020, we incurred other expenses of $542,796, consisting of interest expense of $7,461, amortization of the beneficial conversion feature of our convertible notes of $8,370, investment expense of $17,000 and loss on settlement of accounts payable of $543,987.

During the year ended December 31, 2021, we had other income of $65,168 from gains realized on stocks held.





NET LOSS

The Company had a net loss for the year ended December 31, 2021 of $450,793 compared to a net loss of $1,174,015 for the year ended December 31, 2020, a decrease of $723,222 mainly due to the decrease in administrative contract expenses and loss on settlement of accounts payable for services.






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