NEWPOINT FINANCIAL CORP. Forward-looking Information
This quarterly report on Form 10-Q contains forward-looking statements. In some
cases, you can identify forward-looking statements by terminology such as "may,"
"will," "should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential," or "continue," or the negative of such terms or other
comparable terminology. These statements are only predictions. Actual events or
results may differ materially. Statements in this report that are not historical
facts, including statements about management's beliefs and expectations,
constitute forward-looking statements. These statements are based on current
plans, estimates and projections, and are subject to change based on a number of
factors, including those outlined under Item 1A, Risk Factors, in our most
recent annual report on Form 10-K, and any updated risk factors we include in
our quarterly reports on Form 10-Q and other filings with the
Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, the following:
? risks arising from material weaknesses in our internal control over financial
reporting, including material weaknesses in our control environment;
? our ability to attract new clients and retain existing clients;
? our ability to retain and attract key employees;
? risks associated with assumptions we make in connection with our critical
accounting estimates;
? potential adverse effects if we are required to recognize impairment charges
or other adverse accounting-related developments;
? potential downgrades in the credit ratings of our securities;
? risks associated with the effects of global, national and regional economic
and political conditions, including fluctuations in economic growth rates,
interest rates and currency exchange rates; and
? developments from changes in the regulatory and legal environment for
advertising and marketing and communications services companies around the
world.
Investors should carefully consider these factors and the additional risk
factors outlined in more detail under Item 1A, Risk Factors, in our 2020 Annual
Report on Form 10-K and other filings with the
Results of Operations
Comparison of the three months ended
Revenues. The Company had no revenue during the three months ended
Cost of Revenues. The Company had no cost of revenues for the three months ended
General and Administrative expenses. The Company incurred general and
administrative expenses of
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Newpoint Financial Corp.
March 31, 2021
(Unaudited)
Professional fees. The Company incurred no professional fees during the three
months ended
Loss From Operations. The Company incurred an operating loss of
Other Income (Expense). The Company incurred interest expense of during the
three months ended
Net Loss . The Company incurred a net loss of
Liquidity and Capital Resources
As of
As of
The Company does not have any revenue generating activities currently and all expenditures are funded and paid for by a related entity.
Cash Flows
Net cash used in operating activities was
Net cash provided by financing activities was
Segment Reporting
The Company's business currently operates in one segment.
Critical Accounting Policies and Estimates
There were no material changes in critical accounting policies and estimates
during the period covered by this Quarterly Report on Form 10-Q. Refer to Item 7
of the Company's Annual Report on Form 10-K for the year ended
Financial Impacts of COVID-19
In early
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements.
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Newpoint Financial Corp.
March 31, 2021
(Unaudited)© Edgar Online, source
