The following discussion of our financial condition and results of operations
should be read in conjunction with our audited financial statements and the
notes to those financial statements appearing elsewhere in this Report.
Certain statements in this Report constitute forward-looking statements. These
forward-looking statements include statements, which involve risks and
uncertainties, regarding, among other things, (a) our projected sales,
profitability, and cash flows, (b) our growth strategy, (c) anticipated trends
in our industry, (d) our future financing plans, and (e) our anticipated needs
for, and use of, working capital. They are generally identifiable by use of the
words "may," "will," "should," "anticipate," "estimate," "plan," "potential,"
"project," "continuing," "ongoing," "expects," "management believes," "we
believe," "we intend," or the negative of these words or other variations on
these words or comparable terminology. In light of these risks and
uncertainties, there can be no assurance that the forward-looking statements
contained in this filing will in fact occur. You should not place undue reliance
on these forward-looking statements.
The forward-looking statements speak only as of the date on which they are made,
and, except to the extent required by federal securities laws, we undertake no
obligation to update any forward-looking statements to reflect events or
circumstances after the date on which the statements are made or to reflect the
occurrence of unanticipated events.
Overview
Sino Green Land Corporation (the "Company" or "we" or "our") was incorporated
under the laws of the State of Nevada on March 6, 2008, under the name of Henry
County Plywood Corporation, as successor by merger to a Virginia corporation
incorporated in May 1948 under the same name. On March 17, 2009, we changed our
name from "Henry County Plywood Corporation" to "Sino Green Land Corporation".
On January 7, 2020, we renamed from "Sino Green Land Corporation" to "Go Silver
Toprich, Inc.". On August 31, 2020, we changed the name from "Go Silver Toprich,
Inc." back to "Sino Green Land Corporation".
Our current name is Sino Green Land Corporation, and our fiscal year end is
December 31.
Results of Operations
Revenues and Cost of Revenues
No revenues and cost of revenues were recorded for the years ended December 31,
2022, and 2021, respectively.
General and Administrative (G&A) Expenses
Our general and administrative (G&A) expenses were $35,659 and $143,983 for the
years ended December 31, 2022, and 2021, respectively. In 2022, these G&A
expenses comprised of accounting fee of $7,500, audit fee of $12,000, transfer
agent fee of $2,578, state filing fee of $930 and other professional fee of
$12,651, respectively.
Liquidity and Capital Resources
As of December 31, 2022, we had no cash balance and $222,658 in outstanding
liabilities, including $208,140 due to our former CEO, Lou Xiong, a related
party. We do not have sufficient cash on hand to fund our ongoing operational
expenses for the next 6 months. We will need to raise funds to maintain our
operations and to pay our ongoing operational expenses. Additional funding will
likely come from equity financing from the sale of our Common Stock. If we are
successful in completing an equity financing, existing shareholders will
experience dilution of their interest in our Company. We do not have any
financing arrangement and we cannot provide investors with any assurance that we
will be able to raise sufficient funding from the sale of our Common Stock to
fund our operations and ongoing operational expenses. In the absence of such
financing, our business will likely fail. There are no assurances that we will
be able to achieve further sales of our Common Stock or any other form of
additional financing.
Critical Accounting Policies and Estimates
Use of Estimates
In preparing these financial statements, management makes estimates and
assumptions that affect the reported amounts of assets and liabilities in the
balance sheets, and revenues and expenses during the periods reported. Actual
results may differ from these estimates.
Off-Balance Sheet Arrangements
As of December 31, 2022, we have no significant off-balance sheet arrangements
that have or are reasonably likely to have a current or future effect on our
financial condition, changes in our financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources that
are material to our stockholders.
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