Overview

The following discussion should be read in conjunction with our audited financial statements and the related notes for the years ended September 30, 2019 and September 30, 2018 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, particularly in the section entitled "Risk Factors".

Our financial statements are stated in United States Dollars and are prepared in accordance United States Generally Accepted Accounting Principles.





Results of Operations

The following results of operations, cash flows and changes in our financial position are for years ended September 30, 2019 and 2018.

The Company had no revenue for the years ended September 30, 2019 and 2018.

Expenses during the years ended September 30, 2018 were $1,100,880 and $170,886 for 2018. The increase in expenses in 2019 was due to payment to officer and director and consulting fees totaling $537,176, accrued rent of $225,750 plus marketing and travel expenses of $221,347.

Other expense during the year ended September 30, 2018 was $5,147consisting of interest expense and currency loss compared to other expense of $603,621 consisting of interest expense of $185,814 change in fair value of $117,457, note origination fees of $163,704 and amortization of debt discount of $147,745. The Company incurred a net loss of $176,033 in the period ending September 30, 2018 compare to a net loss of $1,717,376 for the same period in 2019.

Liquidity and Capital Resources

As of September 30, 2019, the Company had current assets of zero. The company has $1,196,577 in current liabilities for negative working capital of $1,196,577. As of September 30, 2019, the Company had an accumulative deficit of $2,102,824.

Cash used in operating activities was $683,639 for the year ended September 30, 2019 and cash used of $209,888. The increase in the loss from $176,033 in 2018 to $1,717,376 in 2019 was the major factor in the increased use of cash.

Cash used in financing activities as of September 30, 2018 was $32,448 which was the repayment of advances from related parties compared to cash provided of $695,554 in 2019 from the proceeds from the sale of common stock for cash of $323,643 plus proceeds from convertible debt and note payable of $329,000 and advances from related party of $15,911.

We do not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with amounts to be loaned to or invested in us by our stockholders or other investors.

We believe we will be able to meet these costs through amounts, as necessary, to be loaned to or invested in us by our stockholder plus the placement of common stock for cash.






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Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's 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

As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

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