The Company's focus starting in 2020, is on the emerging field of ghost kitchens and virtual restaurants. The Company seeks to build its business based on meeting customer demand for unique on-premises dining and premises convenience.

The Company's plan is to create a portfolio of virtual restaurants appealing to a broad customer base. The Company is actively seeking to acquire locations for ghost kitchens to meet the growth in app-based ordering. The company is also developing a network of third party restaurants to license menus from the company.

We have entered into license agreements with three celebrities Carmen Electra, Holly Sonders, and Denise Richards. The company is developing menus for virtual restaurants around each celebrity. Menus will be sold via delivery apps such as UberEats and DoorDash. The company expects to generate revenue through direct product sales, license fees payable, ingredient sales to third party restaurants and subscription fees.

Cordia is organizing a network of social media influencers to support each menu. All of its celebrity and brand partners are contractually required to regularly post on their social channels. Additionally, the company is working with a variety of influencers ranging from micro influencers in specific cities to recognized food accounts with significant followings to promote the company's menus.

Results of Operations for the Three Months Ended June 30, 2021 compared to the Three Months Ended June 30, 2020

We had $0 of revenue for the three months ended June 30, 2021 compared to $37,828 in revenue for the three months ended June 30, 2020. The decrease in revenue was due to the decision to discontinue operations of our physical restaurant.

Cost of product sales for the three months ended June 30, 2021 was $0 compared to $17,630 for the three months ended June 30, 2020. The decrease in cost was due to the discontinued restaurant operations.

Professional fees for the three months ended June 30, 2021 was $9.040 compared to $2,115 for the three months ended June 30, 2020. The increase in professional fees was due to higher legal and accounting expenses.

General and administrative expenses for the three months ended June 30, 2021 was $7.957 compared to $19,787 for the three months ended June 30, 2020. The decrease in general and administrative expenses was primarily due to suspension of on premise dining.

Results of Operations for the Six Months Ended June 30, 2021 compared to the Six Months Ended June 30, 2020

We had $207 of revenue for the six months ended June 30, 2021 compared to $33,030 in revenue for the six months ended June 30, 2020. The decrease in revenue was due to the decision to discontinue operations of our physical restaurant.

Cost of product sales for the three months ended June 30, 2021 was $0 compared to $11476 for the six months ended June 30, 2020. The decrease in cost was due to the discontinued restaurant operations.

Professional fees for the six months ended June 30, 2021 was $2,865 compared to $9,740 for the six months ended June 30, 2020. The increase in professional fees was due to higher legal and accounting expenses.

General and administrative expenses for the six months ended June 30, 2021 was $11,540 compared to $19,787 for the three months ended June 30, 2020. The decrease in general and administrative expenses was primarily due to suspension of on premise dining.


--------------------------------------------------------------------------------
                                       11

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Cash Flows



Operating Activities

Net cash used in operating activities for the six months ended June 30, 2021 amounted to $36,638 and net cash used in operating activities for the six months ended June 30, 2020 amounted to $1,500. This includes a net loss from continuing operations of approximately $(36,373). This resulted in a working capital deficiency of $(39,573)at June 30, 2021 and $(0) at December 31, 2020.





Investing Activities



None



Financing Activities

Net cash provided by financing activities amounted to $39,573 for the six months ended June 30, 2021 and $37,828 for the six months ended June 30, 2020.

Liquidity and Capital Resources

The Company's unaudited condensed consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business.

The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. As of June 30, 2021, the Company had $69,475 of third-party and related party short-term debt that is due within the next twelve months. Management's plan is to obtain such resources for the Company by continuing to earn revenue, obtain capital from management and significant shareholders sufficient to meet its operating expenses and seek equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The Company does not have sufficient cash flow for the next twelve months from the issuance of these unaudited condensed consolidated financial statements. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

© Edgar Online, source Glimpses