Forward Looking Statements

Some of the statements contained in this Form 10-K that are not historical facts are "forward-looking statements" which can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," "intends," or the negative or other variations, or by discussions of strategy that involve risks and uncertainties. We urge you to be cautious of the forward-looking statements, that such statements, which are contained in this Form 10-K, reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties, and other factors affecting our operations, market growth, services, products, and licenses. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of the risks we face, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events. Factors that may cause actual results, our performance or achievements, or industry results, to differ materially from those contemplated by such forward-looking statements include without limitation:

1. Our ability to attract and retain management and key employees;

2. Our ability to generate customer demand for our products;

3. The intensity of competition; and

4. General economic conditions.

All written and oral forward-looking statements made in connection with this annual report that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given the uncertainties that surround such statements, you are cautioned not to place undue reliance on such forward-looking statements.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern.





Going Concern

Our auditor has indicated in their report on our financial statements for the fiscal year ended December 31, 2020, that conditions exist that raise substantial doubt about our ability to continue as a going concern due to our recurring losses from operations, deficit in equity, and the need to raise additional capital to fund operations. A "going concern" opinion could impair our ability to finance our operations through the sale of debt or equity securities.

We require additional funding to meet its ongoing obligations and to fund anticipated operating losses. Our auditor has expressed substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. 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 expect to incur marketing and professional and administrative expenses as well expenses associated with maintaining our filings with Securities and Exchange Commission. We will require additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing, we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition and operating results. Additional funding may not be available on favorable terms, if at all. We intend to continue to fund its business by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

If we cannot raise additional funds, we will have to cease our business operations. As a result, our common stock investors would lose all of their investment.






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Results of Operations

Year ended December 31, 2020 compared to the year ended December 31, 2019

Net revenue: We did not generate any revenue for the years ended December 31, 2020 and 2019. We have had limited business operations since incorporation.

General and administrative expenses: General and administrative expenses primarily consisted of legal and professional service fees. General and administrative expenses were $51,242 for the year ended December 31, 2020, as compared to $71,775 for the year ended December 31, 2019, which represented a decrease of $20,533, or 29%. The decrease in general and administrative expenses was primarily attributable to the decrease in accounting, legal and professional fees.

Other income: Other income mainly consists of interest income. Other income for the year ended December 31, 2020 consists of $1 from interest. Other income was $0 for the year ended December 31, 2019.

Net loss: Our net loss was $51,241 for the year ended December 31, 2020, as compared to $71,775 for the year ended December 31, 2019, which represented a decrease of $20,534, or 29%. The decrease in net loss was a result of revenue generated for the year ended December 31, 2020.

Liquidity and Capital Resources

Cash and cash equivalents were $1,348 at December 31, 2020 and $1,347 at December 31, 2019. Our total current assets were $1,348 at December 31, 2020, as compared to $1,347 at December 31, 2019. Our total current liabilities were $321,125 at December 31, 2020, as compared to $269,883 at December 31, 2019.

We had negative working capital of $319,777 at December 31, 2020, compared to negative working capital of $268,536 at December 31, 2019. The increase in negative working capital was primarily due to the increase in accrued expenses.

Net cash provided by operating activities was $1 during the year ended December 31, 2020, compared to $150 during the year ended December 31, 2019. The decrease in the cash provided by operating activities was primarily due to the decrease in cash flow provided from due to related parties, offset by the increase in accrued expenses and decrease in net loss.

We had no net cash flow from investing or financing activities during the years ended December 31, 2020 and 2019.

Net change in cash and cash equivalents was an increase of $1 during the year ended December 31, 2020, compared to an increase of $150 during the year ended December 31, 2019.





Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities in the financial statements and accompanying notes. The SEC has defined a company's critical accounting policies as the ones that are most important to the portrayal of the company's financial condition and results of operations, and which require the company to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, we have not identified any additional critical accounting policies and judgments. We also have other key accounting policies, which involve the use of estimates, judgments and assumptions that are significant to understanding our results, which are described in the Note 1 to our financial statements. Although we believe that our estimates, assumptions and judgments are reasonable, they are based upon information presently available. Actual results may differ significantly from these estimates under different assumptions, judgments or conditions.

Off-balance Sheet Arrangements

We were not aware of any off-balance sheet arrangements as of December 31, 2020.

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.





Inflation

Our opinion is that inflation has not had a material effect on our operations and is not expected to have any material effect on our operations.

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