The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information contained in this prospectus.





Overview

SigmaRenoPro, Inc. has not operated pursuant to its business plan. We plan to raise capital to begin offering our services and make sales. Our auditors have raised substantial doubt as to our ability to continue as a going concern.

We need a minimum of approximately $100,000 during the next 12 months to begin implementation of our business plan.

Our address is Aloni Noa'kh St. 1 Kiryat Motzkin 26402 Israel. The telephone number is +972 03-6860331.

Since our inception, we have devoted our activities to the following:

(1) Purchasing a debt portfolio;

(2) Obtaining bids from professional collectors to collect the portfolio;

(3) Developing contacts from whom to purchase portfolios;

(4) Contracting for operational support; and

(5) Securing enough capital to carry out these activities.





Plan of Operations

Our plan of operation for the following 12 months is as follows:





Months 1 To 3

During the following three months, we plan to:





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Requirements & Ux Design

Our management team will work with a third-party Web development company to gather the requirements and agree on the UX (User Experience) options. Once the UX design was defined, it will be developed into a UI (User Interface) design. Once the UX & UI are complete, it will be passed on to the development team. Outcome of this phase will be a complete design for the iPhone Application. We expect that this period will require an expenditure of approximately $5000.





Months 4 to 6

Between four to six months from the date of filing of this Form 10-K, we plan to achieve the following:

A third-party Web development company will build the administrative web portal using .Net technology. The iPhone Application will be built using native objective-C code. Android Application will be built using native java code. Once the architecture has been finalized, the development of the iPhone application and the admin web portal will occur in parallel. We expect that this period will require an expenditure of approximately $10,000.





Months 7 to 12

Between seven and twelve months from the date of filing of this Form 10-K, we plan to achieve the following:





  • Correct any detected discovered defects;




  • Submission to the App Store;




  • Promote to freelancers and small sized businesses; and




  • Support multi-user.

App Store Submission: The software developer will facilitate the App Store submission process and manage approval issues. Once submitted Apple will review the application to ensure the application is reliable and is free of explicit and offensive material. We expect to be completed by the end of month 8 after defects have been fixed. Once submitted to the App Store we expect the review process to take 3-4 weeks.

Comparison of the Years Ended June 30, 2020 and 2019





Lack of Revenues

We have limited operational history. During the year ended June 30, 2020 and 2019 we have generated $0 and $0 revenue. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.





Operating Expenses

The Company's operating expenses for the year ended June 30, 2020 and 2019 were $27,618 and $30,695 respectively. Operating expenses for the year ended June 30, 2020 consisted of professional fees of $20,432, share transfer agent fee $785 and general and administrative expense $6,401. Operating expenses for the year ended June 30, 2019 consisted of professional fees of $29,700, share transfer agent fee $0 and general and administrative expense $995.





Net Loss

During the year ended June 30, 2020 and 2019 the Company recognized net losses of $27,618 and $30,695.





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Liquidity and Capital Resources

Our capital resources have been acquired through the sale of shares of our common stock and loans from shareholders and third parties.

At June 30, 2020 and 2019, we had total assets of $6,404 and $24,299 respectively.

At June 30, 2020 and 2019, our total liabilities were $15,723 and $6,000 respectively consisting primarily of accounts payable and subscription fees.

Cash flows from operating activities

Net cash used in operating activities was ($11,801) for the year ended June 30, 2020 and ($34,333) for the year ended June 30, 2019.

Cash flows from financing activities

Net cash provided by financing activities was $NIL for the year ended June 30, 2020 and 2019.





Cash Requirements

We intend to propagative funding for our activities, if any, through a combination of the private placement of the company's equity securities and the public sales of equity securities.

We have no agreement, commitment or understanding to secure any funding from any source.

Off-Balance Sheet Arrangements

We do not have any off balance sheet arrangements.

SigmaRenoPro, Inc. has never been in bankruptcy or receivership.





Office

SigmaRenoPro, Inc.'s executive office is located at Aloni Noa'kh St. 1Kiryat Motzkin 26402 Israel. The telephone number is +972 03-6860331.

SigmaRenoPro, Inc. is not operating its business plan until such time as capital is raised for operations. To date its operation has involved only selling stock to meet expenses.

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