Going Concern

Our auditor has indicated in their report on our financial statements for the fiscal year ended December 31, 2018, that conditions exist that raise substantial doubt about our ability to continue as a going concern due to our recurring losses from operations, deficit in equity, and the need to raise additional capital to fund operations. A "going concern" opinion could impair our ability to finance our operations through the sale of debt or equity securities.

We require additional funding to meet its ongoing obligations and to fund anticipated operating losses. Our auditor has expressed substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

We expect to incur marketing and professional and administrative expenses as well expenses associated with maintaining our filings with Securities and Exchange Commission. We will require additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing, we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition and operating results. Additional funding may not be available on favorable terms, if at all. We intend to continue to fund its business by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

If we cannot raise additional funds, we will have to cease business operations. As a result, our common stock holders would lose all of their investment.





Results of Operations

Three months ended September 30, 2019 compared to the three months ended September 30, 2018

Net revenue: We did not generate any revenue for the three months ended September 30, 2019 and 2018. We have had limited business operations since incorporation.

General and administrative expenses: General and administrative expenses primarily consist of legal, accounting and other professional service fees. General and administrative expenses were $17,245 for the three months ended September 30, 2019, as compared to $22,904 for the three months ended September 30, 2018, which represented a decrease of $5,659, or 25%. The decrease in those expenses was primarily attributable to the decrease in accounting, legal and other professional fees.






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Other income: We did not have any other income and expenses for the three months ended September 30, 2019 and 2018.

Net loss: Our net loss was $17,245 for the three months ended September 30, 2019, as compared to $22,904 for the three months ended September 30, 2018, which represented a decrease of $5,659, or 25%. The decrease was a result of the decrease in general and administrative expenses.

Nine months ended September 30, 2019 compared to the nine months ended September 30, 2018

Net revenue: We did not generate any revenue for the nine months ended September 30, 2019 and 2018. We have had limited business operations since incorporation.

General and administrative expenses: General and administrative expenses primarily consist of accounting, legal and other professional service fees. General and administrative expenses were $52,325 for the nine months ended September 30, 2019, as compared to $71,138 for the nine months ended September 30, 2018, which represented a decrease of $18,813, or 26%. The decrease in general and administrative expenses was primarily attributable to the decrease in accounting, legal and other professional fees.

Other income: Other income mainly consists of interest income. Other income was $0 for the nine months ended September 30, 2019, as compared to $2 for the nine months ended September 30, 2018, representing a decrease of $2, or 100%. The decrease was not considered a substantial change.

Net loss: Our net loss was $52,325 for the nine months ended September 30, 2019, as compared to $71,136 for the nine months ended September 30, 2018, which represented a decrease of $18,811, or 26%. The decrease in net loss was a result of the decrease in general and administrative expenses.

Liquidity and Capital Resources

Cash and cash equivalents were $1,347 at September 30, 2019 and $1,197 at December 31, 2018. Our total current assets were $1,347 at September 30, 2019, as compared to $2,119 at December 31, 2018. Our total current liabilities were $250,433 at September 30, 2019, as compared to $198,880 at December 31, 2018.

We had negative working capital of $249,086 as of September 30, 2019, as compared to negative working capital of $196,761 at December 31, 2018. The increase in negative working capital was primarily due to the increase in due to related parties.

Net cash provided by operating activities was $150 during the nine months ended September 30, 2019, compared to $2 during the nine months ended September 30, 2018. The increase in the cash provided by operating activities was primarily due to the decreased net loss and the increased accrued expenses and due to related parties.

We had no net cash flow from investing activities and financing activities during the nine months ended September 30, 2019 and 2018.

Net change in cash and cash equivalents was an increase of $150 during the nine months ended September 30, 2019, compared to an increase of $2 during the nine months ended September 30, 2018.






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Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities in the financial statements and accompanying notes. The SEC has defined a company's critical accounting policies as the ones that are most important to the portrayal of the company's financial condition and results of operations, and which require the company to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, we have not identified any additional critical accounting policies and judgments. We also have other key accounting policies, which involve the use of estimates, judgments and assumptions that are significant to understanding our results, which are described in the Note 1 to our financial statements. Although we believe that our estimates, assumptions and judgments are reasonable, they are based upon information presently available. Actual results may differ significantly from these estimates under different assumptions, judgments or conditions.





Use of Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those results.





Classification

Certain classifications have been made to the prior year financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.





Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.





Fair Value Measurements

As defined in ASC 820" Fair Value Measurements," fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The Company's financial instruments consist of cash, prepaid expense, accrued expenses, and due to related parties. The carrying amounts of these financial instruments approximate fair value due to either length of maturity or interest rates that approximate prevailing rates unless otherwise disclosed in these financial statements.





Net Loss Per Share

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At September 30, 2019 and December 31, 2018, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented.






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Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. The deferred income tax assets were $0 as of both September 30, 2019 and December 31, 2018, respectively.

The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognizes deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities by using enacted tax rates in effect in the years the differences. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.

Recent Accounting Pronouncements

The Company has considered all recent accounting pronouncements issued and their potential effects on its financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements.

Off-balance Sheet Arrangements

We were not aware of any off-balance sheet arrangements as of September 30, 2019

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