The following discussion should be read in conjunction with our audited
financial statements and notes thereto included herein. In connection with, and
because we desire to take advantage of, the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, we caution readers regarding
certain forward looking statements in the following discussion and elsewhere in
this report and in any other statement made by, or on our behalf, whether or not
in future filings with the
Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward looking statements made by, or our behalf. We disclaim any obligation to update forward-looking statements.
Results of operations for the years ended
Revenue
We do not generate revenue from operations or investments. We continue with Due
Diligence about GSS Infrastructure and NTEC in
Our gross revenue for the years ended
13 Table of Contents Costs and Expenses
The major components of our expenses for the years ended
For the Year For the Year Ended Sept. Ended Sept. Increase 30, 2022 30, 2021 (Decrease) Compensation - officers$ 20,300 $ 21,000 $ -700 Professional fees$ 10,850 $ 10,850 Acquisition Fees$ 14,941 $ 14,941 General and administrative$ 6,766 $ 6,766 Total$ 52,857 $ 21,000 $ 31,857
Accounts Payable - Related Parties
As of
For the For the Year Year Ended Ended Sept. Sept. 30, Increase 30, 2022 2021 (Decrease) Shareholders$ 24,112 $ -$ 24,112 Officers$ 18,000 $ 18,000 Total$ 42,112 $ -$ 42,112 Liquidity
Our internal liquidity is provided by our shareholders and sale of common stocks
operations. During the years ended
To date we have financed our operations by cash generated from sales of shares
of our common stock and cash from our shareholders. We were able to sustain our
operations by closing acquisitions in
To date we have not sold shares of common stock to our officers and directors.
We sold 10,000 shares at
If not additional capital may be required to maintain ongoing operations.
We have explored and are continuing to explore options to provide additional financing to fund future operations as well as other possible courses of action. Such actions include, but are not limited to, securing lines of credit, sales of debt or equity securities (which may result in dilution to existing shareholders), loans and cash advances from our directors or other third parties, and other similar actions. There can be no assurance that we will be able to obtain additional funding (if needed), on acceptable terms or at all, through a sale of our common stock, loans from financial institutions, our directors, or other third parties, or any of the actions discussed above. If we cannot sustain profitable operations, and additional capital is unavailable, lack of liquidity could have a material adverse effect on our business viability, financial position, results of operations and cash flows.
14 Table of Contents Cash Flows The table below, for the period indicated, provides selected cash flow information: For the Year For the Year Ended Sept. Ended Sept. Cash Flow 30, 2022 30, 2021 Net cash provided (used) by shareholders and sale common share$ 44,112 - Cash used in activities$ 30,447 - Net Cash$ 13,665 - Net increase (decrease) in cash$ 13,665 -
We have not generated revenues during the years ended
Cash Flows from Investing Activities
We did not generate any cash from investing activities during the year ended
Cash Flows from Financing Activities
Not applicable.
Recent Accounting Pronouncements
See Note 2 to the Financial Statements.
Off Balance Sheet Arrangements
As of
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