Cautionary Note Regarding Forward-Looking Statements
This Quarterly Report on Form 10-Q, including this discussion and analysis by management, contains or incorporates forward-looking statements. All statements other than statements of historical fact made in report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as "believes," "estimates," "could," "possibly," "probably," anticipates," "projects," "expects," "may," "will," or "should" or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations.
The following discussion and analysis should be read in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.
Going Concern
We have indicated on our financial statements for the three months ended
We require additional funding to meet its ongoing obligations and to fund anticipated operating losses. Our auditor has expressed substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
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We expect to incur marketing and professional and administrative expenses as
well expenses associated with maintaining our filings with
If we cannot raise additional funds, we will have to cease business operations. As a result, our common stock investors would lose all of their investment.
Results of Operations
Three months ended
Net revenue: We did not generate any revenue for the three months ended
General and administrative expenses: General and administrative expenses
primarily consist of legal and professional service fees. General and
administrative expenses were
Net loss: Our net loss was
Liquidity and Capital Resources
Cash and cash equivalents were
We had negative working capital of
Net cash from operating activities was
We had no net cash flow from investing activities and financing activities
during the three months ended
We had no net change in cash and cash equivalent for the three months ended
Critical Accounting Policies
The preparation of financial statements in conformity with accounting principles
generally accepted in
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Off-balance Sheet Arrangements
We were not aware of any off-balance sheet arrangements as of
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.
Inflation
Our opinion is that inflation has not had a material effect on our operations and is not expected to have any material effect on our operations.
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