When used in this Quarterly Report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar expressions are intended to identify forward-looking statements regarding events, conditions, and financial trends that may affect our future plans of operations, business strategy, operating results, and financial position. Persons reviewing this Quarterly Report are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties and actual results may differ materially from those included within the forward-looking statements as a result of various factors. Such factors are discussed further below and also include general economic factors and conditions that may directly or indirectly impact our financial condition or results of operations.
Plan of Operation
Our plan of operation for the next 12 months is to: (i) consider guidelines of industries in which we may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a "going concern" engaged in any industry selected.
During the next 12 months, our only foreseeable cash requirements will relate to maintaining our good standing or the payment of expenses associated with legal fees, accounting fees and reviewing or investigating any potential business venture, which may be advanced by management or principal stockholders as loans to us. Because we have not determined any business or industry in which our operations will be commenced, and we have not identified any prospective venture as of the date of this Annual Report, it is impossible to predict the amount of any such loan. Any such loan will be on terms no less favorable to us than would be available from a commercial lender in an arm's length transaction. No advance or loan from any affiliate will be required to be repaid as a condition to any agreement with future acquisition partners.
Results of Operations
Three Months Ended
Three Months Three Months Ended Ended December 31, December 31, 2021 2020 Changes Operating Expenses$ 13,644 $ 19,633 $ (5,989 ) Net Loss$ (13,644 ) $ (19,633 ) $ 5,989
We had no operations during the three months ended
10 Table of Contents
Nine Months Ended
Nine Months Nine Months Ended Ended December 31, December 31, 2021 2020 Changes Operating Expenses$ 45,408 $ 73,546 $ (28,138 ) Net Loss$ (45,408 ) $ (73,546 ) $ 28,138
We had no operations during the nine months ended
Liquidity and Capital Resources
As of As of December 31, March 31, 2021 2021 Changes Current Assets $ - $ - $ - Current Liabilities$ 698,396 $ 652,988 $ 45,408 Working Capital (Deficiency)$ (698,396 ) $ (652,988 ) $ (45,408 )
As of
As of
Stockholders' deficit was at
We had no cash on hand as of
11 Table of Contents
As of
Nine Months Nine Months Ended Ended December 31, December 31, 2021 2020 Changes
Net cash used in operating activities
- $ - $ -
Cash Flow from Operating Activities
We have not generated any positive cash flow from operating activities.
For the nine months ended
For the nine months ended
Cash Flow from Investing Activities
During the nine months ended
Cash Flow from Financing Activities
We have financed our operations primarily from advances and loans from
For the nine months ended
Going Concern
Our independent auditors have added an explanatory paragraph to their audit
issued in connection with the financial statements for the year ended
The Company is dependent on advances from its principal shareholders or other affiliated parties for continued funding. There are no commitments or guarantees from any third party to provide such funding nor is there any guarantee that the Company will be able to access the funding it requires to continue its operations.
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 an investor in our securities.
12 Table of Contents
© Edgar Online, source