Forward-looking statements
This document contains “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for the purposes of federal and state securities laws, including, but not limited to, projections of earnings, income or other items. financial; any statement of management’s plans, strategies and objections for future operations; any statement regarding new services or developments offered; any statement regarding economic conditions or future performance; any statement or belief; and any statement of assumption underlying any of the above.
Forward-looking statements may include the words “may”, “could”, “estimate”, “intend”, “continue”, “believe”, “expect” or “anticipate” or other words. similar. These forward-looking statements only present our estimates and assumptions as of the date of this report. Therefore, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update any forward-looking statements to reflect the impact of circumstances or events occurring after the dates they are made. You should, however, see other information we will make in future filings of our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change. Factors affecting these risks and uncertainties include, but are not limited to:
• increased competitive pressures from existing competitors and new entrants;
• deterioration in general or regional economic conditions;
• adverse state or federal legislation or regulation that increases the costs
of compliance, or adverse findings by a regulator with respect to existing
operations;
• loss of customers or sales weakness;
• inability to achieve future sales levels or other operating results;
• the inability of management to effectively implement our strategies and
business plans; and
• the other risks and uncertainties detailed in this report.
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Overview of current operations
On
At this time, our goal is to research, investigate and, if such investigation warrants, to acquire an interest in business opportunities presented to us by individuals or companies.
This discussion of our proposed business is purposely general and is not intended to limit our discretion to seek out and seize potential business opportunities.
Management anticipates that we may be able to participate in only one potential business venture because we have nominal assets and limited financial resources. This lack of diversification must be seen as a significant risk for our shareholders, as it will not allow us to offset the potential losses of one company with the gains of another.
We may seek a business opportunity with entities that have recently started their activities or wish to use the public market to raise additional capital in order to expand into new products or markets, to develop a new product or service, or to develop ‘other business purposes. We may acquire assets and establish wholly owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.
The Company has not entered into any definitive or binding agreement and there can be no assurance that such transactions will occur. Such a combination would normally take the form of a merger, a stock exchange or an exchange of shares for assets. The Company may decide to structure any business combination to meet the definition of a tax-exempt reorganization under section 351 or section 368 of the Internal Revenue Code of 1986, as as modified.
It is expected that all securities issued in connection with such a business combination will be issued on the basis of an exemption from registration under applicable federal and state securities laws. In certain circumstances, however, as a negotiated part of its transaction, the Company may agree to register some or all of such securities immediately after the completion of the transaction or at times specified thereafter. If such a registration takes place, it will be made by the surviving entity after the Company has entered into an agreement for a business combination or has consummated a business combination. The issuance of additional securities and their potential sale on any trading market for the securities of the Company may decrease the market value of the securities of the Company in the future.
At the end of 2019, there was an outbreak of a new strain of coronavirus (“COVID-19”) which appears to have originated from
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Operating results for the three months ended
INCOME: Revenue
There was no operating income for the three months ended
and 2020.
Cost of sales / gross profit Percentage of sales
There were no operating costs of sales for the three months ended
EXPENSES:
General and administrative expenses
General and administrative expenses for the three months ended
were
Net Loss
We suffered a net loss of
Operating results for the six months ended
INCOME: Revenue
There was no operating income for the half-year ended
and 2020.
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Cost of sales / gross profit Percentage of sales
There were no operating costs of sales for the six months ended
EXPENSES:
General and administrative expenses
General and administrative expenses for the closed semester
Net Loss
We suffered a net loss of
Liquidity and capital resources
The following table summarizes our current assets, liabilities and working capital as of
Increase / (Decrease)
June 30,
2021 December 31, 2020 $ %
Current Assets $125 $69 $56 81.2%
Current liabilities
Going Concern
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities in the normal course of business. From
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Management of the Company believes that its operations may not be sufficient to fund operating cash requirements for at least the next 12 months. The Company has no significant assets and continues to depend on affiliates to provide funds to pay for its ongoing expenses. However, there can be no assurance that the Company will be able to raise additional capital should the need arise, or on terms deemed acceptable, as the case may be. These factors raise significant doubts as to the Company’s ability to continue as a going concern within one year of the publication of the unaudited condensed financial statements.
The unaudited condensed financial statements do not include any adjustment relating to the recoverability and classification of the carrying amounts of assets or to the amount and classification of liabilities that could result if the Company were unable to continue as a going concern.
Off-balance sheet provisions
We have no off-balance sheet arrangement that has or is reasonably likely to have a current or future effect on our financial condition, changes in financial condition, income or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
Critical accounting conventions and estimates
Transactions with related parties: The parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company. Related parties also include the principal owners of the Company, its management, immediate family members of the principal owners of the Company and its management and other parties with whom the Company may deal if a party controls or can influence. the management or operating policies of the other to the extent that one of the parties to the transaction could be prevented from fully pursuing its own separate interests.
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Recent accounting developments
The Company believes that there are no new accounting standards adopted but not yet in effect that are relevant to readers of our financial statements.
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