Safe Harbor Statement

This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are "forward-looking statements" for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements.

These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs, and risk of declining revenues. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements. The following discusses our financial condition and results of operations based upon our financial statements which have been prepared in conformity with accounting principles generally accepted in the United States. It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein.

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Form 10-Q. The discussions of results, causes and trends should not be construed to imply any conclusion that these results or trends will necessarily continue into the future.

Results of Operations for the nine months ended September 30, 2019 compared to the nine months ended September 30, 2018





Working Capital



                             Nine months Ended        Nine months Ended
                             September 30, 2019       September 30, 2018
Current Assets              $          1,984,700     $          2,049,642
Current Liabilities                    1,489,784                1,393,577
Working capital (deficit)                494,916                  656,065




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As at September 30, 2019, we had working capital of $494,916 and $656,065 at
September 30, 2018.



Cash Flows



                                                Nine months Ended        Nine months Ended
                                                September 30, 2019      September 30, 2018

Cash Flows Provided by (Used in) Operating
Activities                                     $             92,532     $          (418,580 )
Cash Flows Provided by Investing used in
Activities                                                        -                       -
Cash Flows provided (used) in Financing
Activities                                                   93,000                 425,000
Net Increase in Cash During Period                          185,532                   6,420

Cash flow from Operating Activities

During the nine months ended September 30, 2019, the net cash provided by operating activities totaled $92,532 compared to the cash used total of ($418,580) during the quarter ended September 30, 2018.

Cash flow from Investing Activities

During the three months ended September 30, 2019 and 2018, the net cash provided by investing activities totaled $0.

During the nine months ended September 30, 2019 and 2018, the net cash provided by investing activities totaled $0.

Cash flow from Financing Activities

During the three months ended September 30, 2019, the net cash provided by financing activities totaled $93,000 compared with total of $425,000 during the nine months ended September 30, 2018.





Operations



                               Three Months Ended      Three Months Ended
                               September 30, 2019      September 30, 2018

Revenue                        $           191,729     $            14,691
Cost of revenue                             94,462                   5,947
Gross profit                                97,267                   8,744
Operation expense                         (112,197 )              (120,330 )
Income (loss) from operation   $           (14,930 )   $          (111,586 )




                                Nine months Ended       Nine months Ended
                               September 30, 2019      September 30, 2018

Revenue                        $           913,252     $           333,649
Cost of revenue                            424,872                 264,272
Gross profit                               488,380                  69,377
Operation expense                         (348,124 )              (390,035 )
Income (loss) from operation   $           140,256     $          (320,658 )




Revenues

We earned revenues of $191,729 during the three months ended September 30, 2019 compared to earning revenues of $14,691 during the same period in 2018. In 2018 we had less sales as we were focused on launching a new product.

We earned revenues of $913,252 during the nine months ended September 30, 2019 compared to earning revenues of $333,649 during the same period in 2018, which is due more truck sales of our new product for the nine months ended September 30, 2019.





Operation Expenses

Our total operating expenses decreased from $120,330 to $112,197 for the three months ended September 30, 2019 compared to the same period in 2018. The reason for the decrease was in an effort to decrease operational costs.

Our total operating expenses decreased from $390,035 to $348,124 for the nine months ended September 30, 2019 compared to the same period in 2018. The reason for the decrease was due to less expenses.





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Liquidity

During the nine months ended September 30, 2019, the Company had revenue from continuing operations of $913,252 , net income of $140,256 stockholders' deficit of $2,469,550 and working capital of $494,916.

Based on the financial support letter from the CEO of Greenkraft, he and his related party entities have no present or future plans or intentions to (A) liquidate Greenkraft, Inc.; (B) sell or otherwise dispose of all, or a significant portion of, its investment in the Company or otherwise change its capital structure; (C) discontinue providing financial support to Greenkraft, Inc; or (D) pursue the collection if the company has cash flow issues. Also, the company has $240,000 government incentives as deferred revenue in current liability. Based on the cash burn calculation, the Company is expected to have sufficient cash flow to cover the normal business operation for the twelve month-ended September 30, 2019. In the next 12 months, the Company will continue to receive sales orders, recognize revenue by selling the qualified trucks for the government incentive program, and committed financial support from the owner and his related parties to fund its ongoing operations until the Company is able to meet its own obligation as they become due.

Off-Balance Sheet Arrangements

As of September 30, 2019, we had no off-balance sheet transactions that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

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