This section of this Form 10-Q includes a number of forward-looking statements
that reflect our current views with respect to future events and financial
performance. Forward-looking statements are often identified by words like
believe, expect, estimate, anticipate, intend, project and similar expressions,
or words which, by their nature, refer to future events. You should not place
undue certainty on these forward-looking statements. These forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from our predictions.
Results of Operations
For the three-month periods ended October 31, 2021 and October 31, 2020 we had
no revenues. . Expenses for the three-month period ended October 31, 2021
totaled $$11,002 resulting in a net loss of $11,002. The net loss for the
three-month period ended October 31, 2021 is the result of expenses of $11,002,
comprised of professional fees of $8,880; transfer agent expenses of $1,557 and
filing fees of $565. Expenses for the three-month period ended October 31, 2020
totaled $5,248 resulting in a net loss of $5,248. The net loss for the
three-month period ended October 31, 2020 is the result of expense of $5,248,
comprised of professional fees of $3,560; transfer agent expenses of $571;
filing fees of $1,000; and bank service charges of $117.
For the nine-month periods ended October 31, 2021 we had no revenues as compared
to revenues of $63 for the nine-month period ended October 31, 2020 Expenses for
the nine-month period ended October 31, 2021 totaled $34,057 resulting in a net
loss of $34,057. The net loss for the nine-month period ended October 31, 2021
is the result of expenses of $34,057, comprised of professional fees of $21,380;
filing fees of $1,200; transfer agent fees of $11,151; website expense of $74;
and bank service charges of $252. Expenses for the nine-month period ended
October 31, 2020 totaled $17,857 resulting in a net loss of $17,794. The net
loss for the nine-month period ended October 31, 2020 is the result of expense
of $17,857, comprised of professional fees of $14,560; filing fees of $1,500;
transfer agent expenses of $1,236; and bank service charges of $561; less
revenues of $63.
Liquidity and Capital Resources
We have recently generated increased revenues to date and anticipate until we
generate a more rapid growth in revenues, we will require additional financings
in order to fully implement our plan of operations. With the exception of cash
advances from our sole Officer and Director, and cash received in our initial
offering, we have not had any additional funding. We must raise cash to
implement our strategy and stay in business. Our current president has verbally
committed to continue to fund our operations. However, this is not in writing
and maybe rescinded at any time.
As of October 31, 2021 we had $92 in cash and $22,240 in prepaid expenses and
$129,410 due to related parties. Total liabilities as of October 31, 2021, were
$131,068 compared to $96,963 in total liabilities at January 31, 2021. The funds
available to the Company will not be sufficient to fund the planned operations
of the Company and maintain a reporting status. As of October 31, 2021, the
Company owed $107,254 (January 31, 2021; $95,629) to a current shareholder
assigned/transferred by William Mejia ("former CEO") and $22,146 to its current
Chief Executive Officer.
During the nine-month period ended October 31, 2021, the former CEO advanced the
Company $300 and paid expenses of $10,106 on behalf of the Company. The total
amount owed to the former CEO as of October 31, 2021 was $106,035 (January 31,
2021 - $95,629). The current CEO paid expenses of $22,146 on behalf of the
Company. The total amount to the current CEO as of October 31, 2021 was $22,146.
The amounts due to related party are unsecured and non- interest-bearing with no
set terms of repayment.
On October 30, 2021 the former CEO sold/assigned their shareholder loan of
$106,035 to a separate shareholder of the Company. This related party also paid
$1,230 in expense for the Company. The balance due is $107,245. The balance due
is unsecured and non-interest-bearing with no set terms of repayment
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Off-balance sheet arrangements
Other than the situation described in the section titled Capital Recourses and
Liquidity, the company has no off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect or change on the company's
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that are material to investors. The
term "off-balance sheet arrangement" generally means any transaction, agreement
or other contractual arrangement to which an entity unconsolidated with the
company is a party, under which the company has (i) any obligation arising under
a guarantee contract, derivative instrument or variable interest; or (ii) a
retained or contingent interest in assets transferred to such entity or similar
arrangement that serves as credit, liquidity or market risk support for such
assets
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