The following discussion and analysis of our results of operations and financial condition should be read together with our audited financial statements and the notes thereto, which are included elsewhere in this Report. Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (the "U.S. GAAP").





Overview

The Company was incorporated under the name "Kelinda" in the state of Nevada on December 18, 2017 to create health related applications.

Following the Change in Control, the Company changed its business plan to engage in online business service in the People's Republic of China.





Results of Operations



Revenue

For the years ended June 30, 2022 and 2021, the Company did not generate any revenue.





Operating Expenses

Total operating expenses for the years ended June 30, 2022 and 2021 were $48,000 and $49,093, respectively. The operating expenses for the year ended June 30, 2022 primarily included general and administrative expense of $7,250 and professional fees of $40,750, whereas for the same period of 2021, the operating expenses primarily included general and administrative expense of $9,093 and professional fees of $40,000. The decrease in 2022 was mainly due to the decrease in general and administrative expenses as there were less transfer agent fees.





                                       2





Going Concern

The future of the Company is dependent upon our ability to obtain financing to implement our new business plans and initiatives and our ability to generate positive net profits from implementation of our business plans. Management has plans to seek additional capital funding through either equity financings or debt financings from its principal stockholders to support its operations for the next twelve months. However, there is no assurance that such funds will be available or available on acceptable terms. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

Liquidity and Capital Resources

As of June 30, 2022 and 2021, the Company had no assets.

As of June 30, 2022 and 2021, the Company had liabilities of $1,350 and $3,407 respectively; and accumulated deficit of $247,121 and $199,121 respectively.

Cash Flows from Operating Activities

For the year ended June 30, 2022, net cash used in operating activities was $50,057, which is the result of: (1) net loss for the year of $48,000; and (2) adjustment for decrease in accounts payable of $2,057.

For the year ended June 30, 2021, net cash used in operating activities was $45,686, which is the result of: (1) net loss for the year of $49,093; and (2) adjustment for increase in accounts payable of $3,407.

Cash Flows from Financing Activities

For the year ended June 30, 2022, net cash provided by financing activities was $50,057, all of which were stockholders' capital contributions to support the Company's operations.

For the year ended June 30, 2021, net cash provided by financing activities was $45,68 6, all of which were stockholders' capital contributions to support the Company's operations.





Material commitments

We had no material commitments as of June 30, 2022.

Off-Balance Sheet Arrangements

As of June 30, 2022, we did not have any 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 that are material to investors.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations is based on our financial statements. In preparing our financial statements in conformity with U.S. GAAP, we must make a variety of estimates that affect the reported amounts and related disclosures. See Note 3 of our financial statements included in the Report.

In addition, Section 107 of the JOBS Act 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 to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

© Edgar Online, source Glimpses