This report contains forward-looking statements within the meaning of Section 29a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from historical or anticipated results. You should not place undue reliance on such forward-looking statements, and, when considering such forward-looking statements, you should keep in mind the risk factors noted in this report, including the section of this report entitled "Risks Related to Our Business and Operations." You should also keep in mind that all forward-looking statements are based on management's existing beliefs about present and future events outside of management's control and on assumptions that may prove to be incorrect. The following discussion and analysis should be read in conjunction with the Company's financial statements and notes thereto, which are included elsewhere in this report.





Overview

The Company maintains rights to the MRU and SRU products. The Company is currently evaluating various options for use of this equipment in future operations. No plans have been finalized as of the date of this report.





Going Concern Qualification

Our notes to the financial statements disclose that the Company has generated no revenue or cash flow, has incurred net losses for the fiscal year and has a working capital deficiency. The Company operations are not likely to produce positive cash flow until at least the end of the fiscal year ended March 31, 2023. These factors raise substantial doubt about our ability to continue as a going concern. Our going concern uncertainty may affect our ability to raise additional capital, and may also affect our relationships with suppliers and customers. Investors should carefully examine our financial statements and read the notes to the financial statements.





Results of Operations

Three Months Ended June 30, 2022 as Compared to the Three Months Ended June 30, 2021





Revenues -

The Company had no revenues for the three months ended June 30, 2022.

The Company had no revenues for the three months ended June 30, 2021.





Other Income-

The Company had no other income for the three months ended June 30, 2022.

The Company had no other income for the three months ended June 30, 2021.

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Cost of Sales -

The Company had no cost of sales or other operating expenses for the fiscal year ended June 30, 2022.

The Company had no cost of sales or other operating expenses for the fiscal year ended June 30, 2021.

All expenses for the Company were treated as general and administrative expenses.

General and Administrative Expenses -

General and administrative expenses were $1,645 for the three months ended June 30, 2022. These expenses are made up of filing and other reporting fees.

General and administrative expenses were $11,184 for the three months ended June 30, 2021. These expenses are made up of State fees and other general expenses - $4,795, insurance expense - $4,751 and filing and other reporting fees - $1,638.





Depreciation Expense -

Depreciation expense for the three month period ended June 30, 2022 was $0.

Depreciation expense for the three month period ended June 30, 2021 was $0.





Interest Expense -

Interest expense for the three month period ended June 30, 2022 was $3,280 for interest accrued on notes payable.

Interest expense for the three month period ended June 30, 2021 was $7,278 for interest accrued on notes payable.

Liquidity and Capital Resources

As of June 30, 2022, Sector 10 had cash of $0. This amount is not sufficient to meet the Company's working capital requirements for the balance of the fiscal year ending March 31, 2023 or for any future period.





Total Assets -

The Company had no assets as of June 30, 2022.





Working capital -

As of this filing date, the Company is currently in the process of reviewing its strategic options for restructuring its operations in order to raise capital and continue in its efforts to manufacture and distribute its products. No plans have been finalized as of the date of this report. Potential funding for operations is not expected until sometime in the fiscal year ended March 31, 2023 or beyond.

Our auditors are of the opinion that our continuation as a going concern is in doubt. Our continuation as a going concern is dependent upon continued financial support from our shareholders and other related parties. THE FINANCIAL STATEMENTS, RELATED NOTES AND THE OTHER INFORMATION INCLUDED IN THIS REPORT HAVE NOT BEEN REVIEWED BY THE COMPANY'S OUTSIDE ACCOUNTANT PRIOR TO THE FILING OF THIS REPORT.





Total Liabilities -

Current liabilities as of June 30, 2021 were $9,856,389. The balance was composed of accounts payable and accrued liabilities of $9,692,389, note payable to outside investors of $164,000.


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Long term liabilities as of June 30, 2021 were $0.

Total liabilities as of June 30, 2021 were $9,856,389.

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