The following discussion and analysis should be read in conjunction with, and is qualified in its entirety by, our financial statements (and notes related thereto) and other more detailed financial information appearing elsewhere in this Quarterly Report on Form 10-Q. Consequently, you should read the following discussion and analysis of our financial condition and results of operations together with such financial statements and other financial data included elsewhere in this Quarterly Report on Form 10-Q. Some of the information contained in this discussion and analysis are set forth elsewhere in this prospectus, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section of our Annual Report on Form 10-K for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute "forward-looking" statements.
OVERVIEW OF OUR PERFORMANCE AND OPERATIONS
Our Business and Recent Developments
The Company is a "blank check company," as that term is defined in Rule 419(a)(2) of Regulation C of the Securities Act of 1933, as amended. We have not had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements, or understandings with, any representatives of the owners of any business or company regarding the possibility of an acquisition or merger. We are a "shell company" within the meaning of Rule 405, promulgated pursuant to Securities Act, because we do have no hard assets and real business operations.
From inception until the date of this filing we have had limited operating
activities, primarily consisting of the incorporation of our company and the
initial equity funding by our sole officer and director. We received our initial
funding of
Previous business operations of the Company generated limited revenues and the Company currently has no business operations.
No revenue has been generated in the last two years ended
On
We never sold any securities under the offering statement, so there was no need to keep the prospectus and Form S-1 filing current.
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The Company filed a Registration Statement; Form-10-12g on
We are subject to the requirements of Regulation 13A under the Exchange Act, which require us to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and we are required to comply with all other obligations of the Exchange Act applicable to issuers filing registration statements pursuant to Section 12(g) of the Exchange Act.
We are not currently engaged in any business operations. We are, however, in the process of attempting to identify, locate, and if warranted, acquire new commercial opportunities. The Company is currently attempting to locate and negotiate with eligible portfolio companies to acquire an interest in them. In addition to acquiring an interest in them, the Company intends to assist these portfolio companies with raising capital and offer them substantial managerial assistance needed to succeed.
The authorized capital stock of
As of our previous year ended
As of the three months ended
Our Business
The Company is currently attempting to locate and negotiate with eligible portfolio companies to acquire an interest in them. In addition to acquiring an interest in them, the Company intends to assist these portfolio companies with raising capital and offer them substantial managerial assistance needed to succeed.
We are currently considered a shell company Rule 405 defines a shell company as
a company with 1) no or nominal operations, and either 2)no or nominal assets,
3) assets consisting solely of cash and cash equivalents, or 4) assets
consisting of any amount of cash and cash equivalents and nominal other assets.
We will remain classified as a shell company until we qualify for an exemption
pursuant to Rule 144 (i)(2) by meeting the following requirements:
Our current business address is:
Our telephone number is (315) 451-7515.
This location serves as our primary office for planning and implementing our business plan. Management believes the current premises arrangements are sufficient for its needs for at least the next 12 months.
Employees We have no employees. 14
Results of Operations for the Three Months Ended
Revenues
We have generated revenues of
Operating and Administrative Expenses
Operating expenses for the three months ended
Loss from Operations
Operating Loss before income tax for the three months ended
Net loss
The Net loss for the three months ended
Liquidity and Capital Resources
As of the year ended
As of the last year ended,
As of the three months ended
As of the last year ended
As of the three months ended
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Working Capital and Cash Flows
Working Capital December 31, September 30, 2022 2022 Current Assets $ 95 $ 68 Current Liabilities 44,443 39,557 Working Capital (Deficit)$ 44,348 $ 39,489
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