The following discussion should be read in conjunction with our financial
statements, including the notes thereto, appearing elsewhere in this 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 Report. Our audited financial statements are stated
in United States Dollars and are prepared in accordance with United States
Generally Accepted Accounting Principles.
BUSINESS OVERVIEW
To June 27, 2022, the Company was developing a new kind of messenger. Charmt's
app was intended to be a unique product with high production value and high
revenue potential. It was going to be developed and published on both original
and licensed IP. As the result of the change in control transaction on June 27,
2022, the Company assigned the software acquired by the Company on March 17,
2022 to Gediminas Knyzelis, the former sole officer and director. As a result of
the ownership and management change described above, the Company ceased its
former business plans and is now searching for business opportunities to
acquire.
As the issuance date of this filing, no new business acquisition has not been
occurred.
Results of Operations
For the three months ended June 30, 2022
During the three months ended June 30, 2022 and 2021, we generated no revenues.
Our operating expenses for the same periods were comprised of operating expenses
of $3,695 and $11,575, respectively, resulting in net loss of $3,695 for the
three months ended June 30, 2022 compared to a net loss of $11,575 for the three
months ended June 30, 2021. Our operating expenses consisted of mainly
professional fees for the three months ended June 30, 2022 and 2021,
respectively. The decrease of operating expenses was mainly due to the lesser
professional fees.
For the six months ended June 30, 2022
During the six months ended June 30, 2022 and 2021, we generated no revenues.
Our operating expenses for the same periods were comprised of operating expenses
of $11,323 and $17,127, respectively, resulting in net loss of $11,323 for the
six months ended June 30, 2022 compared to a net loss of $$17,127 for the six
months ended June 30, 2021. Our operating expenses consisted of mainly
professional fees for the six months ended June 30, 2022 and 2021, respectively.
The decrease of operating expenses was mainly due to the lesser professional
fees.
Our total assets as of June 30, 2022 were $1,012.
As of June 30, 2022, the Company had 3,870,600 shares of common stock issued and
outstanding.
Liquidity and Capital Resources
As of June 30, 2022, we had cash and cash equivalents of $1,012. The Company
expects to obtained financing to meet our basic operating requirements for
approximately twelve months.
Operating Activities
For the six months period ended June 30, 2022, net cash used in operating
activities was $8,885, compared to net cash used in operating activities of
$22,127 for the six months period ended June 30, 2021. Such decrease was
primarily due to lesser professional fees.
Investing Activities
For the six months period ended June 30, 2022 and 2021, net cash used in
investing activities was $0 and $0, respectively.
Financing Activities
For the six months period ended June 30, 2022 net cash provided by financing
activities was $8,822, compared to the net cash provided by financing activities
of $21,200 for the six months period ended June 30, 2021. Such decrease was due
to a loan amount of advances from our former sole officer and director,
Gediminas Knyzelis.
Off-balance Sheet Arrangements
We have no significant off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in our financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that are material to our
stockholders.
Recent accounting pronouncements
The Company has reviewed all recently issued, but not yet effective, accounting
pronouncements and do not believe the future adoption of any such pronouncements
may be expected to cause a material impact on its financial condition or the
results of its operations.
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