FORWARD-LOOKING STATEMENTS
This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
DESCRIPTION OF BUSINESS
We are a Data Centric company with business activities focused four main areas:
ZEUUS Data Centers ZEUUS Energy ZEUUS Cyber Security ZEUUS Solaas Services
All four divisions work synergistically with each other in an synergetic ecosystem which enables growth and business protection. These technologies and divisions all stem from the massive requirements in our Data Centers.
While we are currently negotiating for the purchase of three data centers, the
recent acquisition by our ZEUUS Energy division of a unique, and scalable Wind
Turbine technology has us very excited. We have recently opened a 500 sqm, brand
new research and development facility in
We are also in negotiations for the acquisition of two cyber security companies and will update the market after we enter into definitive acquisition agreements.
Our mandate and focus are to harness the Cloud and provide all aspects of Data Services from protection, to facilitation, to storage, to the sustainable energy consumption at all our Data Center locations.
Results of Operation for the Three Months Ended
Revenue
During the three months ended
General and Administrative Expenses
During the three months ended
10
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Professional Fees
During the three months ended
Other income/expense
During the three months ended
Net Loss
Our net loss for the three months ended
Results of Operation for the Nine Months Ended
Revenue
During the nine months ended
General and Administrative Expenses
During the nine months ended
Professional Fees
During the nine months ended
Other income/expense
During the nine months ended
Net Loss
Our net loss for the nine months ended
Liquidity and Capital Resources
At
11
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Cash Flows from Operating Activities
For the nine months ended
Cash Flows from Investing Activities
During the nine months ended
Cash Flows from Financing Activities
We have financed our operations primarily from loans from related parties. For
the nine months ended
PLAN OF OPERATION AND FUNDING
We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.
Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business and (ii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences, or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. 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.
OFF-BALANCE SHEET ARRANGEMENTS
As of the date of this Quarterly 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.
Going Concern
We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.
12
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We have not established an ongoing source of revenues sufficient to cover our operating costs for the next fiscal year to allow us to continue as a going concern. Our ability to continue as a going concern is dependent on obtaining adequate capital to fund operating losses until we become profitable.
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