The following discussion and analysis of our results of operations and financial
condition should be read together with our audited financial statements and the
notes thereto, which are included elsewhere in this Report. Our financial
statements have been prepared in accordance with generally accepted accounting
principles in
Overview
The Company was incorporated under the name "Kelinda" in the state of
Following this Change in Control, the Company changed its business plan to
engage in online business services in
Results of Operations Revenue
For the years ended
Operating Expenses
Total operating expenses for the years ended
We also incurred other expenses of
2 Going Concern
The future of our company is dependent upon our ability to obtain financing to implement our new business plans and initiatives and our ability to generate positive net profits from implementation of our business plans. Management has plans to seek additional capital funding through either equity financings or debt financings from its principal stockholders to support its operations for the next twelve months. However, there is no assurance that such funds will be available or available on acceptable terms. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.
Liquidity and Capital Resources
As of
As of
Cash Flows from Operating Activities
For the year ended
For the year ended
Cash Flows from Investing Activities
We had no cash flows from investing activities for the years ended
Cash Flows from Financing Activities
For the year ended
For the year ended
Material commitments
We presently have no material commitments as of
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 are material to investors.
Critical Accounting Policies and Estimates
Our discussion and analysis of our financial condition and results of operations
is based on our financial statements. In preparing our financial statements in
conformity with
In addition, Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.
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