The following discussion of our financial condition and results of operations should be read together with the consolidated financial statements and the related notes included in this report. This discussion contains, in addition to historical information, forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to these differences include those discussed below as well as those discussed elsewhere in this report. We disclaim any obligation to update information contained in any forward-looking statement.





General

We presently sell our ancillary gaming products in the United States but contemplate selling and leasing our products worldwide, in the future. Although the Company has obtained the license for the manufacturing, sale, marketing and licensing of the four roulette patents, the Company has not developed or manufactured any products for license, lease or sale to casinos as of yet. Although the Company is licensed to manufacturer patented roulette wheels and tables, it has no intention of doing so now or in the foreseeable future. The licensed games will not be available for sale on our website until approved by the applicable Gaming Control Board.

The Company has not, as of yet, arranged for any lines of credit, and we have no commitments, written or oral, from officers, directors or shareholders to provide the Company with advances, loans or other funding for our operations.





Critical Accounting Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America required management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, we evaluate our estimates, based on historical experience, and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.

Recent Accounting Pronouncements

From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company's accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented.





                                       3





Results of Operations

Year ended December 31, 2019 Compared to the year ended December 31, 2018





Revenues

The Company did not generate revenues for the years ending December 31, 2019 and 2018.

General and Administrative Expenses

During the year ended December 31, 2019, general and administrative expenses were $33,701, consisting primarily of professional fees, as compared to $220,315 for year ended December 31, 2018. The decrease of $186,614 was primarily due to stock compensation expense of $200,000 in 2018.





Interest Expense

During the year ended December 31, 2019, interest expense was $9,169 as compared to $6,390 for year ended December 31, 2018. The increase of $2,779 was primarily due to an increase in accrued interest due to additional proceeds from third parties.





Net Loss

Our net loss was $42,870 for the year ended December 31, 2019 as compared to a loss of $226,705 for the year ended December 31, 2018. The increase is primarily due to the reasons referred to above.

Liquidity and Capital Resources

As of December 31, 2019, we had a stockholders' deficit of $238,056 and negative working capital of $238,056 compared to stockholders' deficit of $195,186 and negative working capital of $195,186 at December 31, 2018. Cash was $3,113 as of December 31, 2019, as compared to $10 at December 31, 2018. This decrease in our working capital was primarily attributable to the increase of cash of $3,103, the increase in accrued interest due of $4,997, the increase in accounts payable and accrued expenses of $2,130, an increase in notes payable - related parties of $8,373 and an increase in notes payable of $30,473. The net loss for the year ended 2019 was primarily due to professional fees of $29,261.

Net cash used in operations during 2019 was $31,570 compared with $20,336 used in operations during 2018. Cash used in operations during 2019 was primarily due to the net loss in the period and changes in current liabilities.

Net cash provided by financing activities was $34,673 in 2019 and $18,600 in 2018, which was the result of proceeds from notes payable.





Going Concern

Our auditors have issued a going concern opinion regarding our financial statements in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company generated minimal revenues, has experienced recurring net operating losses since inception and had negative working capital of $238,056 and stockholders' deficit of $238,056 at December 31, 2019. Because of these factors, among others, our auditors have issued a going concern opinion on our audited financial statements that raises substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. We will need to raise funds or implement our business plan to continue operations.

The Company's present plans, the realization of which cannot be assured, to overcome these difficulties include, but are not limited to, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. Through capital influx from third party investors, the Company plans to spend on marketing for all current products to generate revenues, enter into license and royalty agreements with its patented products, as well as seek acquisitions that generate cash flows. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.





Commitment and Contingencies



None.

Off-Balance Sheet Arrangements

None.

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