You should read the following discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and the related notes and other financial information included elsewhere in this Prospectus. Some of the information contained in this discussion and analysis or set forth elsewhere in this Prospectus, including information with respect to our plans and strategy for our business and related financing, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section of this Prospectus for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Our cash balance is
As of
Our independent registered public accountant has issued a going concern opinion
for
To meet our need for cash we are attempting to raise money from this offering. We believe that we will be able to raise enough money through this offering to expand our proposed operations, however there is no guarantee that we will stay in business after doing so. At the present time, we have not made any arrangements to raise additional cash, other than through this offering.
We are an "emerging growth company" as defined in the JOBS Act, and we may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not "emerging growth companies" including, but not limited to: not required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act; reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements; exemptions from the requirements of holding an annual non-binding advisory vote on executive compensation and nonbinding stockholder approval of any golden parachute payments not previously approved. In addition, Section 107 of the JOBS Act also provides that an "emerging growth company" can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an "emerging growth company" can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.
We have elected under this section of the JOBS Act to maintain our status as an emerging growth company and take advantage of the JOBS Act provisions relating to complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act.
3 Table of Contents
Results of Operations for the Three Months ended
In the quarter ended
During the six months period ended
We currently anticipate that our legal and accounting fees will increase over
the next 12 months as a result of becoming a reporting company with the
Activities to Date
A substantial portion of our activities to-date has been focused on developing a sound business plan. We have also established the company's office.
Continue to work on Company website and presentation materials for prospective clients.
Since inception, we have issued 5,000,000 shares of common stock to our President and an additional 1,960,000 shares of common stock to other independent investors.
Plan of Operations
We anticipate that our legal and accounting fees will increase to
We have completed few small projects as a proof of concept to verify that our products can generate customer interest.
Off Balance Sheet Arrangements
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
Liquidity and Capital Resources
As of
Our negative cash flow per month is: (
Since inception, we have issued 5,000,000 shares of common stocks to our
President and Director, at a price of
We are attempting to raise funds to proceed with our plan of operation. Our
current cash on hand will be used to pay the fees and expenses of this offering.
We will have to utilize funds advanced by our President and Director. However,
she has no formal commitment, arrangement or legal obligation to loan funds to
the company. To proceed with our operations for 12 months, we need a minimum of
4 Table of Contents Going Concern Consideration
Our auditors have issued a "going concern" opinion, meaning that there is
substantial doubt for the company to continue as an on-going business for the
next twelve months unless we obtain additional capital. No substantial revenues
are anticipated until we have completed the financing from this offering and
implemented our plan of operations. Our only source for cash at this time is
investments by others in this offering. We must raise cash to implement our
strategy and stay in business. If we sell at least 25% of the shares in the
offering we believe that we will have the resources to operate for the next 12
months, including for the costs associated with becoming a publicly reporting
company. The company anticipates to incur approximately
Limited operating history and need for additional capital
We have no historical financial information upon which to base an evaluation of our performance. We are in start-up stages of operation and had limited revenue generated as of the date of this Prospectus. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.
© Edgar Online, source