This Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") section of this Annual Report discusses our results of operations, liquidity and financial condition, and certain factors that may affect our future results. You should read this MD&A in conjunction with our financial statements and accompanying notes included in this Report. This MD&A contains forward-looking statements that involve risks, uncertainties, and assumptions. The actual results may differ materially from those anticipated in these forward-looking statements as a result of a variety of uncertainties and risk factors.
Our Management's Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking. Forward-looking statements are, by their very nature, uncertain and risky.
Overview:
Since our inception we have engaged in the following significant operating activities:
Company set up: a. Incorporate company in state ofNevada b. Set up main executive office inUkraine c. Open up bank account for the company
Secured initial capital by a contribution from our founder, Chief Executive Officer and Director Commenced significant other operational activities, such as:
a. Have researched and identified potential clients
b. Have arranged for and met with various potential clients
c. Have drafted and began production of various marketing materials
As of the date of this form, we have obtained a written agreement for our services with:
The services what we contribute to Protel Management include: Manage the property, find the tenants for lease, assist work directly with tenants about make the payments in time, handling maintenance, watch that all equipment's as: elevators, fire and gas alarms, sewerage, phone lines, refrigerators, etc., work properly. If repair is required, then contact with services to fix it. Below we provide comparisons for 2019 and 2018.
In 2019$6,480 In 2018$6,576
We provide long term rental of construction equipment to firm Marcus. This equipment includes:
Scaffoldings and Rafters for outside and inside work. Technically this equipment
uses all year around, but more in demand in warm weather. We received
In 2019$5,000 In 2018$5,000
In
Liquidity
We don't know about trends or any demands, commitments, events or uncertainties that will result to our liquidity increasing or decreasing in any material way.
11 Capital resources
We have fixed assets on our balance total 25,000. Scaffolding cost
Results of Operations for the Year ended
As indicated in the Financial Statements included in this Report as of
Operating expenses during the year ended
Operating expenses during the year ended
Our revenue in 2019 from
We didn't have stock compensation expense in 2019. Our general and
administration expenses in 2019 were higher than in 2018 on
Our cash balances were not sufficient to fund our limited levels of operations for any period of time without further revenue or proceeds. We may have utilized funds from Andrii Guzii our Chief Executive Officer, who has informally agreed to advance funds to allow us to pay for offering costs, filing fees, and professional fees. Mr. Guzii however, has no binding contractual arrangement or legal obligation to advance or loan funds to the company on the basis of this verbal agreement. Being an emerging growth company, we have a limited operating history but have meaningfully commenced business operations based upon the amount of revenue we have been able to generate.
At the present time, we have not made any arrangements to raise additional cash. If we unable to raise additional cash, we will either have to suspend operations until we do raise the cash, or cease operations entirely.
During start up period, our operations will be limited due to the limited amount of funds on hand. Our specific goal for profitably rent the construction equipment and sell related property management and property rehabilitation services.
The following table presents and compares our results of our operations for the 12 months 2019 and 12 months 2018.
Year Ended Year Ended December 31, December 31, 2019 2018 Revenue$ 11,480 $ 11,576 Total operating expenses$ 46,415 $ 42,047 (Loss)$ (34,935 ) $ (30,471 ) Weighted average of shares outstanding 36,293,000 36,293,000
Assuming we obtain sufficient funding to complete our management programs. We intend to employ and train our staff with the latest available real estate management/operations criteria in order to provide an integrated streamlined service to our clients.
If we are unable to raise sufficient equity funds or obtain alternate financing, we may never complete development and become profitable. In order to become profitable, we may still need to secure additional debt or equity funding. We hope to be able to raise additional funds from an offering of our stock in the future. We do not have any plans or specific agreements for new sources of funding or any planned material acquisitions.
12 Going Concern Consideration
While management of the Company believes that the Company will be successful in
its planned operating activities, there can be no assurance that the Company
will be successful in the development this business or services that will
generate sufficient revenues to earn a profit and sustain the operations of the
Company. The accompanying financial statements have been prepared in conformity
with accounting principles generally accepted in
Off-Balance Sheet Arrangements; Commitments and Contractual Obligations
None.
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