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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board  >  Reraise Gaming Corp    IPO-RRGA

RERAISE GAMING CORP (IPO-RRGA)
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DKG CAPITAL INC. : - Management's Discussion and Analysis of Financial Condition and Results of Operations. Forward-Looking Statements (form 10-Q)

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12/07/2018 | 12:17pm CET

This quarterly report on Form 10-Q contains forward-looking statements. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plans and objectives for future operations. In some cases, you can identify forward-looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. Examples of forward-looking statements made in this quarterly report on Form 10-Q includes statements about:



 · our marketing plan;

· our plans to hire industry experts and expand our management team;

· our beliefs regarding the future of our competitors;

· our anticipated development schedule;

· the anticipated benefits of our product;

· our expectation that the demand for our products will eventually increase; and

· our expectation that we will be able to raise capital when we need it.

These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including:

· general economic and business conditions;

· we may have product liability claims;

· we may not be successful in commercialization of our products;

· regulatory changes may hurt the market for our products;

· we may not be able to protect our intellectual property rights;

· our auditors have issued a going concern opinion regarding our company;

· competition for, among other things, capital, products and skilled personnel;

and

· other factors discussed under the section entitled "Risk Factors",

any of which may cause our company's or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

As used in this report, the terms "we", "us" and "our" mean DKG Capital, Inc. (formerly known as Star Ally, Inc.), a Nevada corporation. In this report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to the common shares in our capital stock.

The following discussion and analysis of our financial condition and plan of operations should be read in conjunction with our unaudited interim financial statements and related notes appearing elsewhere in this Quarterly Report.



History and Overview


DKG Capital, Inc. was incorporated on October 2, 2013 under the laws of the State of Nevada.






Plan of Operations



The Company was in the business of developing software including gaming products and investment products and, after the appointment of our current CEO, Mr. Tesheb Casimir, he shifted the business focus to the development of mobile applications, online marketing, social media platforms and provision of various leisure services to high net worth clients. During the last quarter of 2017, the Company started tapping into the asset tokenization market and selling asset tokenization solutions.



  11







Results of Operations


The following is an analysis of components of expenses, and variances comparing the three and nine months ended September 30, 2018 to the three and nine months ended September 30, 2017.

We generated $97,600 of revenue during the three months ended September 30, 2018, as compared to $-0- during the comparable period in 2017. The primary reason was that we were actively selling our products during 2018, while during 2017, we built our web site and were primarily focused on acquiring, developing and testing products. Our total operating expenses during those periods were general and administrative expense of $104,997 for the three months ended September 30, 2018 compared to $4,570 during the three months ended September 30, 2017. Interest expense for the three months ended September 30, 2018 was $-0- compared to $-0- for the three months ended September 30, 2017. General and administrative expense for the three months ended September 30, 2018 was $104,997 compared to $4,570 for the same period in 2017.

We generated $1,131,446 of revenue during the nine months ended September 30, 2018, as compared to $-0- during the comparable period in 2017. The primary reason was that we were actively selling our products during 2018, while during 2017, we built our web site and were primarily focused on acquiring, developing and testing products. Our total operating expenses during those periods were general and administrative expense of $353,320 for the nine months ended September 30, 2018 compared to $15,218 during the nine months ended September 30, 2017. Interest expense for the nine months ended September 30, 2018 was $-0- compared to $-0- for the nine months ended September 30, 2017. General and administrative expense for the nine months ended September 30, 2018 was $353,320 compared to $15,218 for the same period in 2017.

The increase in operating expenses, for the three and nine months ended September 30, 2018, compared to the three and nine months ended September 30, 2017, is due, primarily, to the increased level of our business activity.

Liquidity and Capital Resources

During the nine months ended September 30, 2018, we generated cash in the amount of $955,016 compared to $-0- for the nine months ended September 30, 2017. Cash generated from operating activities during the nine months ended September 30, 2018 included a net profit of $778,126 compared to a net loss of $15,218 for the nine months ended September 30, 2017.





Investing Activities




During the nine months ended September 30, 2018, we acquired fixed asset and investment of $16,620 and $483,200 respectively. We did not use any cash resources for investing activities during the nine month ended September 30, 2017.






Financing Activities





We did not generate any funds from financing activities during the nine month periods ended September 30, 2018 and 2017.





Material Commitments




We do not have any material commitments for capital expenditures.





Seasonal Aspects




Management is not currently aware of any seasonal aspects which would affect the results of our operations during any particular time of year.

Off Balance Sheet Arrangements

We do not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as "special purpose entities" (SPEs).



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Going Concern


We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. At this time, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or through a loan from our directors to meet our obligations over the next twelve months. We do not have any arrangements in place for any future debt or equity financing.

© Edgar Online, source Glimpses

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Tesheb Casimir President, CEO, CFO, Secretary & Treasurer
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