The following information should be read in conjunction with (i) the financial
statements of
OVERVIEW
The Company was incorporated in the
The Company's authorized capital stock amounts to 125,000,000 shares, consisting
of 100,000,000 of common stock with a par value of
Going Concern
To date the Company has had operations and revenues of a developing business, and consequently has incurred recurring losses from operations. No substantial revenues are anticipated until we complete the financing we endeavor to obtain, as described in the Form 10-K, and implement our initial business plan. The ability of the Company to continue as a going concern is dependent on raising capital to fund our business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company's ability to continue as a going concern.
Our activities have been financed from related-party loans and the proceeds of share subscriptions.
The Company plans to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be able to raise any capital through this or any other offerings.
PLAN OF OPERATION
We are an operating motorcycle parts design, manufacturing, marketing and sales
business and have generated revenues of
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If we are unsuccessful in raising the additional proceeds through a private placement offering we will then have to seek additional funds through debt financing, which would be highly difficult for an early-stage company to secure. Therefore, the Company is highly dependent upon the success of the anticipated private placement offering and failure thereof would result in the Company having to seek capital from other sources such as debt financing, which may not even be available to the Company. However, if such financing were available, because we are an early stage company, it would likely have to pay additional costs associated with high risk loans and be subject to an above market interest rate. At such time these funds are required, management would evaluate the terms of such debt financing and determine whether the business could sustain operations and growth and manage the debt load. If we cannot raise additional proceeds via a private placement of its common stock or secure debt financing it would be required to cease business operations. As a result, investors in our common stock would lose all of their investment.
With new investors joining, the Company will increase its current efforts on marketing and selling its already created variety of products.
RESULTS OF OPERATIONS
Comparison of the three and nine months ended
The Company recorded revenue of
Operating expenses for the three-month periods ended
For the three-month period ended
Liquidity and Capital Resources
There are no agreements or understandings about future loans by or with the officers, directors, principals, affiliates, or shareholders of the Company. The Company will continue to raise outside capital through loans, equity sales and possible licensing agreements. These factors raise substantial doubt about the company's ability to continue as a going concern
At
Net cash used in operating activities in the three-month period ended
Net cash used in investing activities was
Net cash provided by financing activities for the three months period ended
As of
Inflation
We believe that inflation has not had a significant impact on our operations since inception.
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Off-Balance Sheet Arrangements
We had no off-balance sheet arrangements or guarantees of third party
obligations at
Subsequent Events
None through date of this filing.
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