The following management's discussion and analysis ("MD&A") should be read in
conjunction with financial statements of
Safe Harbor for Forward-Looking Statements
Certain statements included in this MD&A constitute forward-looking statements,
including those identified by the expressions anticipate, believe, plan,
estimate, expect, intend, and similar expressions to the extent they relate to
Overview
Social media mining is the process of representing, analyzing, and extracting meaningful and directed patterns from data in social media, resulting from social interactions. It is an interdisciplinary field encompassing techniques from computer science, data mining, machine learning, social network analysis, network science, sociology, ethnography, statistics, optimization, and mathematics. Social media mining represents the virtual world of social media in a computable way, measures it, and designs models that can help us understand its interactions. In addition, social media mining provides necessary tools to mine this world for interesting patterns, analyze information diffusion, study influence and provide effective recommendations, and analyze social behavior in social media.
We feel that our business plan addresses the need for additional development in the decentralized social media industry.
Decentralized social media ("DCSM") platform is a sharing/consortium platform that will benefit Users, Content Providers, Advertisers, and Communication service providers.
DCSM Platform comprises of 3 major components, Content Aggregator, Mobile Advertising Mediation, Communication Proxy:
Content Aggregator
· analyzes the contents type and formats (text/picture and video) · sorts and distributes appropriate contents to users' app based on user preferences · categorizes, matches, and tags contents with the suitable/appropriate advertisements 12
Mobile Advertising Mediation
· accepts mobile ads from businesses, product/service providers, ad agencies, etc. · categorizes, matches, and associates the received ads with the most relevant and appropriate contents · Distributes ads with associated contents to users' mobile app Communication Proxy · interconnects with communication service providers, including VoIP service providers, Instant Messaging app service providers, Live Video Broadcast app service providers, · allowing interconnected service providers to make on-net communications with DCSM app users
The analysis will be undertaken by or under the supervision of our management. As of the date of this filing, we have not entered into definitive agreements. In our continued efforts to analyze potential business plan, we intend to consider the following factors:
· Potential for growth, indicated by anticipated market expansion or new technology; · Competitive position as compared to other DCSM platforms of similar size and experience within the social media within the industry as a whole · Strength and diversity of management, and the accessibility of required management expertise, personnel, services, professional assistance, and other required items · Capital requirements and anticipated availability of required funds, to be provided by the Company or from operations, through the sale of additional securities or convertible debt, through joint ventures or similar arrangements or from other sources · The extent to which the business opportunity can be advanced in the marketplace; and · Other relevant factors
In applying the foregoing criteria, management will attempt to analyze all factors and circumstances and make a determination based upon reasonable investigative measures and available data. Due to our limited capital available for investigation, we may not discover or adequately evaluate adverse facts about the opportunity to be acquired. Additionally, we will be competing against other entities that may have greater financial, technical, and managerial capabilities for identifying and completing our business plan.
We are unable to predict when we will, if ever, identify and implement our business plan. We anticipate that proposed business plan would be made available to us through personal contacts of our directors, officers and principal stockholders, professional advisors, broker-dealers, venture capitalists, members of the financial community and others who may present unsolicited proposals. In certain cases, we may agree to pay a finder's fee or to otherwise compensate the persons who introduce the Company to business opportunities in which we participate.
As of this filing, we have not raised any capital and our business is under development stage, and the Company is focused on raising capital for its business plans. We have engaged developers and started the development of our first mobile app for the decentralized social media platform of the Company.
On
1) a corporate name changed fromAlternative Fuel Technologies, Inc. toConneXionONE Corp. ; and 2) a one-for-one thousand (1:1,000) reverse stock split of the Company's class of common stock with all other aspects to remain unchanged
The corporate actions are pending approval from
On
13 Results of Operations
The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included in this report.
Three Months Ended
Revenue
For the three months ended
Operating Expenses
Operating expenses for the three months ended
For the three months ended
Other Income and Expenses
For the three months ended
Net Income (Loss)
For the three months ended
Nine months Ended
Revenue
For the nine months ended
Operating Expenses
Operating expenses for the nine months ended
For the nine months ended
14 Other Income and Expenses
For the nine months ended
Net Income (Loss)
For the nine months ended
Liquidity and Capital Resources
As of
Operating Activities
Net cash used in operating activities was
For nine months ended
Investing Activities
Net cash used in investing activities was
The Company made payments for the development of its social media platform
mobile app for the nine months ended
Financing Activities
Net cash provided by financing activities was
During the nine months ended
Off-Balance Sheet Arrangements
There are no off-balance sheet arrangements with any party.
15 Critical Accounting Policies
Our discussion and analysis of results of operations and financial condition are
based upon our condensed consolidated financial statements, which have been
prepared in accordance with accounting principles generally accepted in
The accounting policies that we follow are set forth in Note 2 to our financial
statements as included in the
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