The following discussion and analysis of our results of operations and financial condition should be read together with our unaudited condensed financial statements and the notes thereto, which are included elsewhere in this report and our Annual Report on Form 10-K for the year ended December 31, 2019 (the "Annual Report") filed with SEC. Our financial statements have been prepared in accordance with U.S. GAAP.

Exent Corp. (the "Company," "we" or similar terminology) was incorporated in the state of Nevada on February 15, 2017. Our original business was manufacturing and selling steel drywall studs in the Kyrgyz market to wholesale customers. During the fiscal year of 2019, we sold machine for studs manufacturing as it was outdated. Production thereafter was temporarily on hold until new equipment was to be purchased.

On February 3, 2020, pursuant to a stock purchase agreement dated on January 21, 2020, an individual investor (Mr. Weining Zheng) purchased 1,500,000 shares of our common stock from our then majority stockholder, Marat Asylbekov, representing 74% of the voting securities of the Company (the "Change of Control").

Following the Change of Control, we changed our business plan to engage in smart-home business in the People's Republic of China.

We plan to conduct "smart-home" business in the People's Republic of China, with a focus on developing, promoting and executing a business aimed at providing high quality integrated technologies and solutions like sensors, Internet and automation control to create a centralized, digital system for homes. We are presently evaluating the optimal corporate and legal structures in China necessary to establish our business or to acquire and/or invest in existing smart home businesses. Given the impact of the novel coronavirus epidemic on the general economy of China and the smart-home industry in particular, we have decided to delay our plan to start our smart-home business until 2021. We expect that the funds to finance the commencement of this new business or acquisition of and/or investment in existing smart home businesses in China will primarily come from our major stockholder.

However, our plan to operate in the smart-home industry may be adversely impacted by the novel coronavirus epidemic, which was first reported to have surfaced in Wuhan, China, in December 2019, and is now continuing to affect the world. Although China has made great efforts to contain the spread of the virus and has appeared to bring the outbreak under control, the economy, financial market and businesses in China have suffered from the pandemic. As a result of the epidemic and its socioeconomic impact in China, we may change our plan to do business in other industries in China should we determine that it is no longer in the best interest of our stockholders and the Company to proceed with our original plan.





Results of Operations

There was no revenue generated for the three and nine months ended September 30, 2020 and 2019.

During the three months ended September 30, 2020, we incurred operating expenses of $17,978 as compared to $3,100 during the same period of 2019. The increase in 2020 was due to the increase in professional fees after the Change of Control.





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During the nine months ended September 30, 2020, we incurred operating expenses of $48,035 as compared to $14,327 during the same period of 2019. The increase in 2020 was also due to the increase in professional fees after the Change of Control.

There were no other expenses incurred during the three and nine months ended September 30, 2020 and 2019.

During the nine months ended September 30, 2020, we had other expense of $4,623 relating to the write-off of the Company's property & equipment after the Change of Control.

As a result of the foregoing, our net loss for the three and nine months ended September 30, 2020 was $16,300 and $52,658, respectively, as compared to a net loss of $4,578 and $14,327 for the three and nine months ended September 30, 2019, respectively.

Liquidity and Capital Resources

As of September 30, 2020, our total assets were $7,200 compared to $7,380 in total assets at December 31, 2019. As of September 30, 2020, our total liabilities were $3,022 compared to $26,524 at December 31, 2019. Stockholders' equity was $4,178 as of September 30, 2020 compared to the stockholders' deficit of $19,144 as of December 31, 2019.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities.

For the nine months ended September 30, 2020, net cash flows used in operating activities was $49,466 due to:





  ? net loss of $52,658;
  ? non-cash write-off of fixed assets of $4,623;
  ? Decrease in prepaid expenses of $4,453;
  ? Increase in accounts payable of $3,022.

Net cash flows used in operating activities was $15,868 for the same period of 2019 due to:





  ? net loss of $14,327;
  ? non-cash depreciation expenses of $1,404;
  ? Decrease in prepaid expenses of $747;
  ? Decrease in accounts payable of $2,198.

Cash Flows from Investing Activities

There were no investing activities for the nine months ended September 30, 2020. For the same period of 2019, we received $15,000 proceeds from sales of fixed assets.

Cash Flows from Financing Activities

We have financed our operations primarily from either advances from stockholders or financing through the sales of securities. For the nine months ended September 30, 2020, we received capital contributions of $49,456 from our current major stockholder for working capital uses. For the same period of 2019, we received loan proceeds of $6,844 from our then sole officer and director, which was offset by a repayment of $6,500 we made to this sole officer and director.





Plan of Operation and Funding

Our future capital requirements will depend on numerous factors including, but not limited to, the establishment and development of our new smart-home business opportunities in China. We expect to depend on financing from our majority stockholder to meet our current minimal operating expenses. As we are a start-up company, our operating expenses are limited and discretional based on the availability of its funds. Management believes that the financing from our majority stockholder will support our planned operations over the next 12 months.





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We do not have lines of credit or other bank financing arrangements. In connection with our new business plan after the Change of Control, management anticipates operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business and (ii) marketing expenses will be funded primarily by debt or equity financings from our majority stockholder. 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.





Material Commitments

Since February 15, 2017 (inception) through December 31, 2019, our former sole officer and director loaned us $26,524 to pay for incorporation costs and operating expenses. As of December 31, 2019, the amount outstanding was $26,524. The loan was non-interest bearing, due upon demand and unsecured. In connection with the Change of Control in January 2020, the loan in the aggregate principal of $26,524 was forgiven by the former officer and director in full.

Off-Balance Sheet Arrangements

As of the date of this report, 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.

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