The following discussion and analysis is based on, and should be read in
conjunction with, the unaudited condensed consolidated financial statements and
the notes thereto included elsewhere in this Form 10-Q. This Quarterly Report on
Form 10-Q contains "forward-looking statements" within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. These statements are
often identified by the use of words such as "may," "will," "expect," "believe,"
"anticipate," "intend," "could," "estimate," or "continue," and similar
expressions or variations. Such forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results and the timing
of certain events to differ materially from future results expressed or implied
by such forward-looking statements. The forward-looking statements in this
Quarterly Report on Form 10-Q represent our views as of the date of this
Quarterly Report on Form 10-Q. We anticipate that subsequent events and
developments will cause our views to change. However, while we may elect to
update these forward-looking statements at some point in the future, we have no
current intention of doing so except to the extent required by applicable law.
You should, therefore, not rely on these forward-looking statements as
representing our views as of any date subsequent to the date of this Report

on
Form 10-Q.



We are a smaller reporting company as defined by Rule 12b-2 and incorporated in
the State of Delaware on July 22, 2016. As of the periods from inception through
the date of this quarterly report, we generated minimal revenues and incurred
expenses and operating losses, as part of our development stage activities. We
recorded a net loss of ($3 381 948) for nine months ended September 30, 2019,
net cash flows used by operating activities was $578,640, working capital
deficit of ($11,471,660) and an accumulated deficit of ($6,230,387) at September
30, 2019.



We anticipate that we will need substantial working capital over the next 12
months to continue as a going concern and to expand our operations to
distribute, sell and market products and solutions. Our independent auditors
have expressed substantial doubt as to the ability of the Company to continue as
a going concern. Unless we are able to generate sufficient cash flows from
operations and/or obtain additional financing, there is a substantial doubt as
to the ability of the Company to continue as a going concern. We intend to make
an equity offering of our common stock for the acquisition and operation
expenses. If we cannot raise the required cash, we will issue additional shares
of our common stock in lieu of cash.



Our Current Business



The Company has commenced operations since June 2017 and during the financial
year 2018 it has completed 11 acquisitions in Australia, Malaysia, Philippines
and the United States. During year 2019 has completed 7 acquisitions in
Australia. The product development during 2017, 2018 and 2019 as well as the
acquisitions by the Company have positioned the Company as a global technology
company for self and business improvement. The Company now owns a number of
proprietary software, mobile applications, learning and educational tools to
help consumers and businesses improve and grow. The Company has a stated mission
to make potential growth accessible and sustainable.



On January 2, 2018, we entered into a stock-for-stock acquisition agreement (the
"Acquisition Agreement") with Anvia (Australia) Pty Ltd, an entity organized
under the laws of Australia. On May 10, 2018, we issued to the sole owner of
Anvia Australia 5,000 shares of our common stock, valued at the fair market
value of $0.60 per share for a consideration of $3,000, in exchange for all of
the issued and outstanding stock of Anvia Australia to complete the share
exchange and restructuring of entities under common control. We have casted
prior period financial statements to reflect the conveyance of Anvia Australia
to the Company as if the restructuring had occurred as of the earliest date of
the consolidated financial statements. Anvia Australia was an entity solely
owned by Lindita Kasa, spouse of Ali Kasa, CEO and director of our Company prior
to the acquisition. As a wholly owned subsidiary, Anvia Australia shall operate
Anvia market and Anvia recruiters' sites and business units in Australia and
global markets.



20

Anvia Market is an ecommerce platform where construction tradesmen can purchase safety wears and tools of their choice. Given the fact that there are 1.5 million licensed tradesmen and Australian high adoption of online shopping, Anvia market is expected to contribute to revenue growth of our Company.

Anvia Recruiters is placement services specializes in training and placing qualified tradesmen within construction industry in Australia. Recruitment services accounted for 100% of Anvia Holdings Corporation. With the Anvia recruited online platform in place and dedicated employees to manage the platform we forecast that Anvia recruiters will continue to be the key revenue source for our Company in 2018.





On June 11, 2018, Anvia Australia, completed its acquisition all of the issued
and outstanding shares of Global Institute of Vocational Education Pty Ltd from
its former shareholder, an unrelated party to the Company, for a cash purchase
price of $62,375 (AUD 81,900 Australian Dollars).



On October 10, 2018, Anvia Holdings Corporation (the "Company") filed a Current
Report on Form 8-K (the "Original Form 8-K") reporting, among other things, that
on October 9, 2018, the Company completed its acquisition of Egnitus Inc., a
Nevada corporation ("Egnitus"). The Shareholder agree to transfer to Acquirer at
the Closing (defined below) 19,768,800 shares of common stock of Target, being
all of the issued and outstanding common stock of Target, in exchange for an
aggregate of 19,768,800 pre-split shares of voting common stock of Acquirer.

In October 23, 2018, Anvia Holdings Corporation entered into an acquisition agreement to acquire 100% of Entrepreneur Culture Inc Sdn. Bhd. shares for consideration of $60,074 and 65,455 shares of Anvia Holdings Corporation common stock.





In November 29, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares
issued and outstanding common shares from the shareholders of Xamerg Pty Ltd for
consideration of $1,204,807.84.



In November 30, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Anvia (Australia) Pty Ltd acquired 51% of the shares
issued and outstanding common shares from shareholders of Jamiesons Accounting
Pty Ltd for consideration of $696,129



In December 10, 2018, Anvia Holdings Corporation acquired 100% of shares issued
and outstanding common shares from shareholders of Doubleline Capital Sdn. Bhd.
in exchange with 52,300 shares of Anvia Holdings Corporation common stock.



In December 28, 2018, Anvia Holdings Corporation acquired 100% of shares issued
and outstanding common shares from shareholders of Blue Pacific English Academy
Inc. for consideration of $18,593.78



In December 28, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Doubleline Capital Sdn. Bhd. acquired 100% of shares
issued and outstanding common shares from shareholders of All Crescent Sdn. Bhd.
for consideration of $100,000 and 200,000 shares of Doubleline Capital Sdn.

Bhd.
common stock.



In December 31, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares
issued and outstanding common shares from shareholders of Workstar Technologies
Pty Ltd for consideration of $211,380.



In May 4, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares issued and
outstanding common shares from shareholders of Xseed Pty Ltd for consideration
of $ 500,000.



In May 14, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares issued and
outstanding common shares from shareholders of Host Group of Companies Pty Ltd
for consideration of USD 2,988,000 or AUD 4,300,000. where AUD 800,000 shall be
paid in cash, and AUD 3,500,000 shall be paid in shares of Anvia Holdings.



In June 12, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired acquire 95% of the issued
and outstanding shares of Myplanner Professional Services Pty. Ltd.
("Myplanner") and 100% of My Managed Portfolio Pty. Ltd. ("MMP"). The Company
acquired both Myplanner and MMP for a combined purchase price of USD$3.1 million
by following means:



                                                    Consideration       Consideration           Total
                                   Interests           in Cash            in Shares         consideration
      Acquired Companies            acquired             ($)                 ($)                 ($)
Myplanner                                   95 %         1,554,286             651,963           2,206,249
MMP                                        100 %           624,450             261,934             886,384
                                         Total           2,178,736             913,897           3,092,633




In June 10, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 51% of shares issued and
outstanding common shares from shareholders of Accounting Business Solutions Pty
Ltd ("ABS"), for consideration of USD 106,641 in exchange for 39,063 shares of
the Company's common stock of Anvia Holdings.



21







In June 10, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares issued and
outstanding common shares from shareholders of VocTrain Pty Ltd for
consideration of USD$196,000 in cash and the balance of approximately
USD$364,000, in common stock of the Company Anvia Holdings.



In June 25, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 60% of shares issued and
outstanding common shares from shareholders of Acquire Insurance Brokers Pty Ltd
for consideration of USD $1,029,864 of which USD$75,000 was paid in cash at the
closing and USD$954,864 is paid in the common stock of the Company Anvia
Holdings.



Results of Operations



Our results of operations for the nine months ended September 30, 2019 included
the operations of the Company and all its subsidiaries as they are presented in
the organization structure in this report.



Revenues for the nine months period ended September 30, 2019 and 2018 were
respectively $10,332,265 and $ 145,597, respectively, earned by providing
construction induction training and white card for plumber position, and
providing consulting services for development of building inspection process.
Cost of revenue for providing induction training and consulting services for
global technology company for self and business improvement. The Company now
owns a number of proprietary software, mobile applications, learning and
educational tools to help consumers and businesses improve and grow to customers
were $ 5,110,264 and $ 25,357 for the nine months ended September 30, 2019

and
2018, respectively.




Revenues for the three months period ended September 30, 2019 and 2018 were $
5,806,020 and $ 66,175, respectively, earned by providing construction induction
training and consulting services for development of building inspection process
to customers. Cost of revenue for the three months ended September 30, 2019 and
2018 for providing construction training and consulting services was $ 3,730,685
and $ 10,561, respectively.



Operating expenses for the nine months ended September 30, 2019 and 2018 were
$7,631,433 and $263,738, respectively. Operating expenses for the nine months
ended September 30, 2019 primarily consisted of consulting and business advisory
services, travel expenses, other general and administrative expenses of
$7,631,433. Operating expenses for the six months ended June 30, 2018 consisted
of general and administrative expenses totaling $ 263,738



Other expenses consisted, interest expense recorded (i) on amortization of debt
discount of $ 230,888.88, (ii) on amortization of embedded conversion option
liability of $ 8,018,857.99 for all seven notes received from the Company and
(iii)interest expense of $ 198,081.89 recorded on all notes. The most part of
other expenses are offset by change in the fair value of the embedded conversion
option liability at September 30, 2019 due to the change in the derivative
instruments.



As a result of above, we recorded a net loss of ($3,381,948) for the nine months
ended September 30, 2019 as compared to the net loss of ($498,780) for the same
comparable period in 2018, respectively.

Liquidity and Capital Resources





Cash and cash equivalents were $714,366 at September 30, 2019 as compared to
$248,253 at December 31, 2018. As shown in the accompanying condensed
consolidated financial statements, we recorded a net loss of ($3,381,948) for
the nine months ended September 30, 2019. Our working capital deficit at
September 30, 2019 was ($11,471,660) net cash used by operating activities was
$578,640, and accumulated deficit was ($6,230,387). These factors and our
ability to raise additional capital to accomplish our objectives, raises doubt
about our ability to continue as a going concern. We expect our expenses will
continue to increase during the foreseeable future as a result of increased
operations and the development of our current business operations. We anticipate
generating only minimal revenues over the next twelve months. Consequently, we
are dependent on the proceeds from future debt or equity investments to sustain
our operations and implement our business plan. If we are unable to raise
sufficient capital, we will be required to delay or forego some portion of our
business plan, which would have a material adverse effect on our anticipated
results from operations and financial condition. There is no assurance that we
will be able to obtain necessary amounts of capital or that our estimates of our
capital requirements will prove to be accurate.



We presently do not have any significant credit available, bank financing or
other external sources of liquidity. Due to our operating losses, our operations
have not been a source of liquidity. We will need to acquire other profitable
entities or obtain additional capital in order to expand operations and become
profitable. In order to obtain capital, we may need to sell additional shares of
our common stock or borrow funds from private lenders. There can be no assurance
that we will be successful in obtaining additional funding.



22







To the extent that we raise additional capital through the sale of equity or
convertible debt securities, the issuance of such securities may result in
dilution to existing stockholders. If additional funds are raised through the
issuance of debt securities, these securities may have rights, preferences and
privileges senior to holders of common stock and the terms of such debt could
impose restrictions on our operations. Regardless of whether our cash assets
prove to be inadequate to meet our operational needs, we may seek to compensate
providers of services by issuance of stock in lieu of cash, which may also
result in dilution to existing shareholders. Even if we are able to raise the
funds required, it is possible that we could incur unexpected costs and
expenses, fail to collect significant amounts owed to us, or experience
unexpected cash requirements that would force us to seek alternative financing.



No assurance can be given that sources of financing will be available to us
and/or that demand for our equity/debt instruments will be sufficient to meet
our capital needs, or that financing will be available on terms favorable to us.
If funding is insufficient at any time in the future, we may not be able to take
advantage of business opportunities or respond to competitive pressures or may
be required to reduce the scope of our planned service development and marketing
efforts, any of which could have a negative impact on our business and operating
results. In addition, insufficient funding may have a material adverse effect on
our financial condition, which could require us to:



  ? Curtail our operations significantly, or

? Seek arrangements with strategic partners or other parties that may require us


    to relinquish significant rights to technology platform and correlated
    services, or

  ? Explore other strategic alternatives including a merger or sale of our
    Company.




Operating Activities



Net cash used by operating activities for the nine months ended September 30,
2019 was 578,640 which resulted primarily from our net loss of ($3,381,949),
amortization of intangible assets of $7,161, depreciation of property and
equipment $277,325, net change in operating assets and liabilities for the
accounts receivable in the amount of $1,953,047 and Accounts payable in the
amount of $1,723,042.Net cash used in operating activities for nine months ended
September 30, 2018 was ($213,705,) which primarily resulted from our net loss of
($498,780), amortization of intangible assets of $ 4,500, amortization of
computer and software of $75, Embedded conversion option liability discount of $
264,089, Commitment fee on promissory note of $ 40,000, Amortization of
licensing fees of $ 62,277, Amortization of debt discount -OID of $ 16,833,
Issuance of common stock for services of $ 6,000 and net change in operating
assets and liabilities of ($318,711)



Investing Activities



Net cash used in investing activities for the nine months ended September 30,
2019 was ($8,366,325) primarily due to the Acquisition of subsidiaries
($7,802,161), Acquisition of other investments ($747,447) and Acquisition of
plant and equipment 183,283.



Net cash used in investing activities for nine months ended September 30, 2018
was ($64,510), which primarily resulted from the cash paid for acquisition of
plant and equipment of $ 2,233 and net cash paid for acquisition and intangible
asset ($62,277).



Financing Activities



Net cash provided by financing activities for the nine months ended September
30, 2019 was 8,253,798 primarily due to cash proceeds from issuance of share
capital $6,103,058, Cash proceeds from issuance of Embedded conversion option
liability $984,975 and Convertible notes payable, net of debt discount of
$1,285,445 and cash advances from directors ($119,679).



Net cash provided by financing activities for the nine months ended September
30, 2018 was $ 303,255 primarily due to Cash proceeds from issuance of Embedded
conversion option liability and Convertible notes payable $ 303,000 and advanced
from related party of $ 255.




We recorded an increase in cash of $466,113 effect of exchange rate changes on $
0 and an increase of $21,050, effect of exchange rate changes of ($3,990) for
the nine months ended September 30, 2019 and 2018, respectively.



As a result of the above activities, we experienced a cash in the end of period
of $ 714,366 and $23,090 for the nine months ended September 30, 2019 and 2018,
respectively. Although the Company was able to obtain short term loans, there is
no assurance that the Company will continue to be able to raise capital at
favorable terms, and the ability to continue as a going concern is still
dependent on its success in obtaining additional financing from investors or
from sale of our common shares.



23

Critical Accounting Policies and Significant Judgments and Estimates





Our management's discussion and analysis of our financial condition and results
of operations is based on our financial statements which we have prepared in
accordance with U.S. generally accepted accounting principles. In preparing our
financial statements, we are required to make estimates and assumptions that
affect the reported amounts of assets and liabilities, the disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting periods. We
have identified the following accounting policies that we believe require
application of management's most subjective judgments, often requiring the need
to make estimates about the effect of matters that are inherently uncertain and
may change in subsequent periods. Our actual results could differ from these
estimates and such differences could be material.



Our significant accounting policies are described in more details in Note 2 of
our annual financial statements included in our Annual Report on Form 10-K filed
with the SEC on April 3, 2019.

Off-Balance Sheet Arrangements





We have not engaged in any off-balance sheet arrangements as defined in Item
303(c) of the SEC's Regulation S-B. We did not have any relationships with
unconsolidated organizations or financial partnerships, such as structured
finance or special-purpose entities that would have been established for the
purpose of facilitating off-balance sheet arrangements or other contractually
narrow or limited purposes.

© Edgar Online, source Glimpses