OVERVIEW

The following discussion of the financial condition, changes in financial condition and results of operations of the Company for the fiscal years ended December 31, 2022 and 2021 should be read in conjunction with the financial statements of the Company and related notes included therein.

The Company was incorporated on August 31, 1995 as Visioneering Corporation. In 1999, the Company acquired 20/20 Web Design, Inc., a Colorado corporation wholly owned by Crown Partners, Inc. In August, 2009, Crown Partners transferred its shares of the Company to Crown Marketing Corporation ("Crown Marketing") in exchange for marketing and public relation services to be provided by Crown Marketing.






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The Company continues to search for additional areas in which it can generate revenue so that the Company will become profitable but there can be no guarantee that profitability will be achieved in the near- or long-term.

The Company will attempt to carry out its business plan as discussed below. The Company's business plan is to continue building its network of online publishing sites, as well as continuing to provide the consulting and services to its client on an as-needed basis. These services include general and financial management to private and public companies with an emphasis on their financial reporting and filing requirements. Such service is subject to the needs of its clients and may vary by company. The Company will attempt to carry out its business plan as described above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan prior to the consummation of a business combination.

LIQUIDITY AND CAPITAL RESOURCES

Since inception, the Company's most significant change in liquidity or capital resources or stockholders' equity has been receipts of proceeds from offerings of its capital stock. The revenue transaction does not reflect the ability of the Company to fund itself without outside sources in the future. In the past, officers and directors of the Company have lent or advanced monies to the Company to fund operations, there are no formal agreements or arrangements for them to continue to do so. As of December 31, 2022, the Company has $2,930 in cash, $649.71 held in brokerage accounts and $0.00 of long-term debt.

On December 31, 2022, the Company had negative working capital of $1,382,838, which consisted of current assets of $2,930 and current liabilities of $1,385,768. The current liabilities of the Company on December 31, 2022 are composed of accounts payable and accrued expenses of $145,630, accounts payable and accrued expenses to related party of $1,208,740, and note payable to related parties of $9,500, convertible notes payable to related parties, net of debt discount of$19,028, and current portion of long-term debt of 2,870.

Cash flows used in and provided by operating activities during the year ended December 31, 2022 was $89,366 compared to cash flow used of $18,693 for the same period in 2021.

Cash flows provided by and used in investing activities were $67,000 and $200,000 for the years ended December 31, 2022 and December 31, 2021 respectively.

Cash flows provided by financing activities was $20,979 for the year ended December 31, 2022 compared to $182,580 for the same period in 2021. The financing activities in 2022 consisted mostly of proceeds from sale of stock.

As of December 31, 2022, the Company had total assets of $5,437 and total liabilities of $1,385,768. Stockholders' deficit as of December 31, 2022 was $1,380,331 compared to a deficit of $673,558 on December 31, 2021. The Company will attempt to carry out its plan of business as discussed above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan. The Company will need additional capital to fund that proposed operation.

NEED FOR ADDITIONAL FINANCING

The Company's existing capital may not be sufficient to meet the Company's cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended.

No commitments to provide additional funds have been made by management or other stockholders. Accordingly, there can be no assurance that any funds will be available to the Company to allow it to cover its expenses.

The Company might seek to compensate providers of services by issuances of stock in lieu of cash.

RESULTS OF OPERATIONS - Comparison of the Year Ended December 31, 2022 to the Year Ended December 31, 2021.






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REVENUES

Sales for the year ended December 31, 2022 were $2,936 compared to $15,660 for the year ended December 31, 2021, a decrease of $12,725. Of the $2,936 revenue in 2022, $2,150 was from related parties.





OPERATING EXPENSES

During the year ended December 31, 2022, we incurred $481,512 in operating expenses, compared to $513,443 in the same period ended December 31, 2021, a decrease of $31,931 mainly due to decrease in General and Administrative expenses.





OTHER INCOME AND EXPENSES

During the year ended December 31, 2022, we incurred other expenses of a negative $261,398, consisting of interest expense of $4,213, Gain (Loss) on Stocks Held of $252,568 and Other Income (Expense) of $4,617. During the year ended December 31, 2021, we incurred other expenses of a negative $46,990, consisting of interest expense of $5,466, Gain on Forgiveness of Debt of $4,101, Debt Discount Amortization of $14,805, Gain (Loss) on Stocks Held of $65,168 and Other Income (Expense) of $2,008.





NET LOSS

The Company had a net loss for the year ended December 31, 2022 of $739,975 compared to a net loss of $450,793 for the year ended December 31, 2021, an increase of $289,182 mainly due to the decrease in administrative expenses Gain (Loss) on Stocks Held.






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