The following discussion should be read in conjunction with our financial
statements, including the notes thereto, appearing 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. Our audited financial
statements are stated in
6 Table of Contents Results of Operations
Years ended
The following summary of our results of operations should be read in conjunction
with our financial statements for the years ended
Our operating results for the year ended
Years Ended September 30, 2021 2020 Change Revenue $ - $ - $ -
General and administrative 29,656 28,827 829 Net loss
$ 29,656 $ 28,827 $ 829
During the years ended
Net loss, all from operating expenses, was
Operating expenses for the year endedSeptember 30,2021 and 2020 were$29,656 and$28,827 , respectively. Expenses were primarily attributed to professional fees. Liquidity and Capital September 30, September 30, 2021 2020 Changes Current Assets $ - $ - $ - Current Liabilities 93,832 64,176 29,656
Working Capital Deficiency
As at
As at
Years EndedSeptember 30, 2021 2020
Net cash used in operating activities $ - $ - Net cash used in investing activities
- - Net cash provided by financing activities - - Net change in cash $ - $ - 7 Table of Contents Operating Activities
The Company did not use any funds for operating activities during the years
ended
Investing Activities
The Company did not use any funds for investing activities during the years
ended
Financing Activities
The Company did not have any funds provided by financing activities during the
years ended
Limited Operating History; Need for
There is no historical financial information about us on which to base an evaluation of our performance. We have generated no revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in developing our website, and possible cost overruns due to the price and cost increases in supplies and services.
At present, we do not have enough cash on hand to cover operating costs for the next 12 months.
If we are unable to meet our needs for cash from either our operations, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.
We have no plans to undertake any product research and development during the next twelve months. There are also no plans or expectations to acquire or sell any plant or plant equipment in the first year of operations.
Liquidity and Capital Resources
As of
Contractual Obligations
As a "smaller reporting company", we are not required to provide tabular disclosure obligations.
Going Concern
As of
8 Table of Contents Critical Accounting Policies
The discussion and analysis of our financial condition and results of operations
are based upon our financial statements, which have been prepared in accordance
with the accounting principles generally accepted in
Off-Balance Sheet Arrangements
We have no 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 stockholders.
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