ME RENEWABLE POWER : Management's Discussion and Analysis of Financial Condition or Plan of Operation (form 10-Q)

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

Unless otherwise specified in this quarterly report, all dollar amounts are expressed in United States dollars and all references to "common stock" refer to shares of our common stock.

As used in this quarterly report, the terms "we", "us", "our" and "our company" mean ME Renewable Power Corporation., unless otherwise indicated.

Corporate History

ME Renewable Power Corporation (the "Company") was incorporated in the State of Nevada under the name Jarex Solutions Corp. on October 28, 2014 ("Inception") and originally intended to commence operations in the business of Automatic Number Plate Recognition ("ANPR') software development for businesses which have parking zones or access control on their sites. Jarex Solutions Corp. intended to develop software based on the ANPR technologies in Latvia.

On May 31, 2016, our board of directors approved an agreement and plan of merger to merge with our wholly-owned subsidiary ME Renewable Power Corporation, a Nevada corporation, to effect a name change from Jarex Solutions Corp. to ME Renewable Power Corporation. Our company will remain the surviving company. ME Renewable Power Corporation was formed solely for the change of name.

Articles of Merger to effect the merger and change of name were filed with the Nevada Secretary of State on June 7, 2016, with an effective date of June 14, 2016.

The name change became effective with the Over-the-Counter Bulletin Board at the opening of trading on June 21, 2016. In addition to the change of name, our trading symbol changed to MEPW. Our CUSIP number is 552745 101.

Our principal office address is located at:

Vista del vaque #13

la charcas Santiago, Dominican Republic

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On January 31, 2020, one of the Company's shareholders made a motion and application to be appointed as custodian of the Company based on prior management abandoning its responsibilities to continue making filings at the Nevada Secretary of State's office and for failing to hold a shareholders' meeting in over 4 years and otherwise failing to keep current in its obligations to the Company. Upon motion and application to the District Court, Clark County Nevada, the Court granted the shareholder's request and the shareholder was appointed as custodian for the Company ("Custodian"). As Custodian of the Company, the shareholder was ordered to file an amendment to the Company's articles of incorporation which was filed in conformity with N.R.S. 78.347(4) and the shareholder was ordered to have the Company's charter reinstated in Nevada, to notice and hold a shareholder meeting; to provide a report to the Court of the actions taken at the shareholder meeting; to identify and name a new registered agent in the State of Nevada; to reinstate the Company in the State of Nevada; and the Custodian. In addition to the aforementioned items set forth in the Order Appointing the Custodian, the Custodian was given the power and authority to take any action it deemed reasonable and for the benefit of the Company and its shareholders. The Custodian is now in the process of meeting all of the requirements set forth in the Court Order and filing a motion to terminate its services. Upon granting the motion, the Court will issue an Order acknowledging that the Custodian has performed all of the duties that had been required of it and the management of the Company will revert exclusively to the officers and directors appointed by the Custodian. As of the date of this filing the motion has been granted. On May 20, 2020, the Custodian as an interim officer acting on behalf of the Company, appointed Karina Garcia Peralta as President, Principal Executive Officer, Principal Financial Officer, Director and Sole officer of the Company.

Current Business

After June 14, 2016, the Company merged with its wholly-owned subsidiary ME Renewable Power Corporation, a Nevada corporation, and changed its name from Jarex Solutions Corp. to ME Renewable Power Corporation. The Company intended to distribute green energy-saving and reusable equipment and materials. The Company subsequently ceased these plans and is not currently engaged in any business operations. The Company is seeking to consummate a merger or acquisition.

Three months ended June 30, 2020 compared to the three months ended June 30, 2019.

Our operating expenses for the three month period ended June 30, 2020 and June 30, 2019 are outlined in the table below:

                                         Three         Three
                                        months        months
                                         ended         ended
                                       June  30,     June  30,
                                         2020          2019
Revenue                               $       0     $       0
General and Administrative Expenses   $     574     $     300
Professional fees                     $   1,696     $   1,000
Net Operating Loss                     $ (2,270 )    $ (1,300 )




 Operating Revenues

No revenues were recorded for the three months ended June 30, 2020 and June 30, 2019.

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Operating Expenses and Net Loss

Operating expenses for the three months ended June 30, 2020 were $2,270, compared with $1,300 for the three months ended June 30, 2019. The increase in expenses for the current period was due to an increase in operating expenses. The operating expenses included, general and administrative expenses and professional fees.

Net loss for the three months ended June 30, 2020 were $2,270, compared with $1,300 for the three months ended June 30, 2019. The increase in net loss for the current period was due to an increase in operating expenses. The operating expenses included, general and administrative expenses and professional fees.

Six months ended June 30, 2020 compared to the six months ended June 30, 2019.

Our operating expenses for the six month period ended June 30, 2020 and June 30, 2019 are outlined in the table below:

                                          Six           Six
                                        months        months
                                         ended         ended
                                       June   30     June  30,
                                         2020          2019
Revenue                               $       0     $       0
General and Administrative Expenses   $   2,824     $     600
Professional fees                     $   4,812     $   2,000
Net Operating Loss                     $ (7,636 )    $ (2,600 )






Operating Revenues

No revenues were recorded for the six months ended June 30, 2020 and June 30, 2019.

Operating Expenses and Net Loss

Operating expenses for the six months ended June 30, 2020 were $7,636, compared with $2,600 for the six months ended June 30, 2019. The increase in expenses for the current period was due to an increase in operating expenses. The operating expenses included, general and administrative expenses and professional fees.

Net loss for the six months ended June 30, 2020 were $7,636, compared with $2,600 for the six months ended June 30, 2019. The increase in net loss for the current period was due to an increase in operating expenses and loan from a related party. The operating expenses included, general and administrative expenses and professional fees.

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Liquidity and Capital Resources

Working Capital





                                  As at           As at
                                  June,
                                   30         December 31,
                                  2020            2019
Current Assets                 $       0                 0
Current Liabilities            $  68,172     $      62,585
Working Capital (deficiency)   $ (68,172 )   $     (62,585 )


 Cash Flows





                                             Six months       Six months
                                                Ended           Ended
                                                June
                                                 30,           June 30,
                                                2020             2019

Net cash used in operating activities $ 0 $ 0 Net cash used in investing activities $ 0 $ 0 Net cash provided by financing activities $ 3,600 $ 0 Net increase in cash

                        $         0     $       0

As at June 30, 2020, our total assets were $0 and at the year ended December 31, 2019, our total assets were $0 .

As at June 30, 2020, we had total liabilities of $68,172 compared with total liabilities of $62,585 as at December 31, 2019. The increase in total liabilities was due to professional fees, general and administrative expenses and a loan due to a related party of $3,600 in the six months ended June 30, 2020.

As at June 30, 2020, we had a working capital deficit of $68,545 compared with a working capital of $62,585 as at December 31, 2019. The increase in working capital deficit is due to amounts owed to a related party and increase in professional fees and general and administrative fees in the six months ended June 30, 2020.

Cashflow from Operating Activities

During the six months ended June 30, 2020 and June 30, 2019, $0 in cash was used for operating activities,

Cashflow from Investing Activities

During the six months ended June 30, 2020 and June 30, 2019, we did not have any investing activities.

Cashflow from Financing Activities

During the six months ended June 30, 2020, $3,600 was provided in financing activities, compared with $0 in the six months ended June 30, 2019.

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Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Future Financings

We expect that working capital requirements will continue to be funded through a combination of our existing funds, further issuances of securities and loans from our principal shareholder. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. 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.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management. Our fiscal year end is December 31.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires 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.

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Basic Income (Loss) Per Share

Our company computes loss per share in accordance with "ASC-260", "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations.

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share give effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

For the six month period ended to June 30, 2020 there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as our company incurred losses in this period.

Recently Issued Accounting Pronouncements

Our company has reviewed all the recently issued, but not yet effective accounting pronouncements and we do not believe any of these pronouncements will have a material impact on our company.

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