The following discussion and analysis of our results of operations and financial condition should be read together with our unaudited condensed financial statements and the notes thereto, which are included elsewhere in this report and our Annual Report on Form 10-K for the year ended December 31, 2020 (the "Annual Report") filed with SEC. Our financial statements have been prepared in accordance with U.S. GAAP.

Exent Corp. (the "Company," "we" or similar terminology) incorporated in the state of Nevada on February 15, 2017. Our original business was manufacturing and selling steel drywall studs in the Kyrgyz market to wholesale customers. During the fiscal year ended December 31, 2019, we sold our stud manufacturing machine as it was outdated. Production thereafter was temporarily on hold until new equipment was purchased.

On February 3, 2020, pursuant to a stock purchase agreement dated on January 21, 2020, an individual investor (Mr. Weining Zheng) purchased 1,500,000 shares of our common stock from our then majority stockholder, Marat Asylbekov, representing 74% of the voting securities of our company (the "Change of Control"). Following the Change of Control, we changed our business plan to engage in smart-home business in the People's Republic of China.

We plan to conduct business in the People's Republic of China in the "smart home" sector, with a focus on developing, promoting and executing high quality integrated smart-home systems and solutions. We are presently evaluating the optimal corporate and legal structures in China necessary to establish our business or to acquire and/or invest in existing smart home businesses. We aim to start the smart-home business in 2021 and the funds to financing the start-up of the new business or acquisition of and/or investment in existing smart home businesses will primarily come from our major stockholder. However, our plan to operate in the smart home industry has been adversely impacted by the ongoing COVID-19 pandemic, which is now continuing to spread throughout the world. Although China has made great efforts to contain the spread of the virus and had brought the outbreak under control, the economy, financial market and businesses in China have been suffering due to COVID-19. As a result of COVID-19 and its socioeconomic impact in China, we may change our plan to do business in other industries in China should we determine that the smart home industry is materially and adversely affected by COVID-19 and it is no longer in the best interest of our stockholders and the Company to proceed with our original plan.





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Results of Operations

There was no revenue generated for the three and six months ended June 30, 2021 and 2020. We did not expect to generate any revenue until our business plan is implemented.

During the three months ended June 30, 2021, we incurred operating expenses of $15,047, which included legal, accounting, audit and filing expenses. The amount is consistent with $16,300 incurred during the same period of 2020.

During the six months ended June 30, 2021, we incurred operating expenses of $34,244, which is fairly consistent with the $30,057 incurred during the same period of 2020.

During the six months ended June 30, 2020, we had other expense of $4,623 relating to the write-off of the Company's property & equipment. There were no other expenses for the six months ended June 30, 2021 and for the three-month periods ended June 30, 2020 and 2021.

As a result of the foregoing, our net loss for the three and six months ended June 30, 2021 was $15,047 and $34,244 respectively as compared to the net loss of $16,300 and $34,680 for the same periods of 2020.

Liquidity and Capital Resources

As of June 30, 2021, our total liabilities were $4,238 compared to $9,344 at December 31, 2020. Stockholders' deficit was $4,238 as of June 30, 2021 compared to the stockholders' deficit of $9,344 as of December 31, 2020.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities.

For the six months ended June 30, 2021, net cash flows used in operating activities was $39,350 due to:





  ? net loss of $34,244; and
  ? Decrease in accounts payable of $5,106.

Net cash flows used in operating activities was $18,460 for the same period of 2020 due to:





  ?  net loss of $34,680;
  ?  Increase in non-cash write-off of fixed assets of $4,623;
  ?  Increase in prepaid expenses of $2,747;
  ?  Increase in accounts payable of $8,850.

Cash Flows from Investing Activities

There were no investing activities for the three months ended June 30, 2021 and 2020.

Cash Flows from Financing Activities

We have financed our operations primarily from either advance from stockholders or financing through the sales of securities. For the six months ended June 30, 2021, we received capital contributions of $39,350 from our major stockholder for working capital uses. For the same period of 2020, we received capital contributions of $18,450 from our then sole officer and director.





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Plan of Operation and Funding

Our future capital requirements will depend on numerous factors including, but not limited to, the establishment and development of our new smart-home business opportunities in China. We expect to depend on financing from our majority stockholder to meet our current minimal operating expenses. As we are a start-up company, our operating expenses are limited and discretional based on the availability of its funds. Management believes that the financing from our majority stockholder will support our planned operations over the next 12 months.

We do not have lines of credit or other bank financing arrangements. In connection with our new business plan after the Change of Control, management anticipates operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business and (ii) marketing expenses will be funded primarily by debt or equity financings from our majority stockholder. 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.

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