The following discussion should be read in conjunction with our audited financial statements and the related notes for the years ended December 31, 2021 and December 31, 2020 that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include but are not limited to those discussed below and elsewhere in this annual report.





Results of Operations

Year Ended December 31, 2021 compared to Year Ended December 31, 2020





Net Revenues:

We generated $Nil in revenues and incurred $Nil in cost of sales for the year ended December 31, 2021 and 2020 as we sold our 100% interest of our wholly subsidiary, Common Design Limited, during the quarter of the year and thus the operations of Common Design Limited were grouped into a single line and classified as discontinued operations.





Total Assets:

The Company's total assets were $Nil as of December 31, 2021 compared to total assets of $3,100 as of December 31, 2020.






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Total Liabilities:

The Company's total liabilities were $12,130 as of December 31, 2021 compared to total liabilities of $58,904 as of December 31, 2020.





Stockholders' Equity:

The Company's shareholders' equity was minus $12,130 as of December 31, 2021 compared to shareholder's equity of minus $55,804 as of December 31, 2020.

Selling, General and Administrative Expense:

There were no selling expenses. General and administrative expenses primarily consist of legal, accounting, consulting and other professional service fees. General and administrative expenses were $54,296 for the year ended December 31, 2021 compared to general and administrative expenses of $90,466 for the year ended December 31, 2020.





Loss from Operations:

Loss from operations for the year ended December 31, 2021 was $54,296, compared to loss from operations of $90,466 for the year ended December 31, 2020.





Net Income (Loss):

Net income was $59,545 for the year ended December 31, 2021 compared to net loss of $91,852 for the year ended December 31, 2020.

Liquidity and Capital Resources

The Year Ended December 31, 2021 compared to Year Ended December 31, 2020

Cash and cash equivalents were $Nil as of December 31, 2021. Our total current assets were $Nil as of December 31, 2021 and our total current liabilities were $12,130. At the end of the year ended December 31, 2020, cash and cash equivalents were $3,100, total current assets was $3,100 and total current liabilities were $58,904.

We had a working capital deficiency of $12,130 as of December 31, 2021 compared to working capital deficiency of $55,804 as of December 31, 2020.

We received advances of $64,429 from related parties during the year ended December 31, 2021. For the year ended December 31, 2020, we received advances of $43,082 from related parties.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Contractual Obligations and Commitments

As of December 31, 2021, we do not have any contractual obligations and commitments.

Plan of Operation for the next 12 months

Our expenses for the twelve-month period beginning from January 1, 2022 are estimated to be approximately $65,000. With our working capital deficit of $12,130 as of December 31, 2021, we will need to raise additional capital to cover our expenses for this twelve-month period beginning from January 1, 2022.

Estimated Expenses for the Twelve-Month Period Beginning January 1, 2022 Professional Fees

$       30,000
Marketing and Business Development                                     10,000
General & Administrative                                               25,000
Total                                                          $       65,000





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We will continue to rely on equity sales of our common shares and funding from directors and shareholders in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.





Going Concern

We incurred a cumulative net loss of $55,004 during the period from inception to December 31, 2021. We have limited operations, raising substantial doubt about our ability to continue as a going concern. We will seek additional sources of capital through the issuance of debt or equity financing, but there can be no assurance that we will be successful in accomplishing our objectives. Our ability to continue as a going concern is dependent on additional sources of capital and the growth of our business.

Critical Accounting Policies

Our significant accounting policies are described in the notes to our financial statements for the year ended December 31, 2021, and are included elsewhere in this annual report on Form 10-K.

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