Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements." These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.





Overview

Our business plan is to pursue a business combination through the acquisition of, or merger with, an existing company seeking the perceived advantages of being a publicly traded corporation. We are not restricting our potential target companies to any specific business, industry or geographical location. No assurances can be given that we will be successful in locating or negotiating with any target company.

Our continued existence is dependent upon our ability to generate new financing or sufficient cash flows to continue our reporting obligations to the Securities and Exchange Commission on a timely basis. We can provide no assurance that we will achieve a business combination through the acquisition of, or merger with, an existing company. We currently do not have any firm arrangements for financing and we may not be able to obtain financing when required, in the amounts necessary to execute on our plans in full, or on terms which are economically feasible.

Expected Changes In Number of Employees, Plant, and Equipment

We do not currently plan to purchase specific additional physical plant and significant equipment within the immediate future. We do not currently have specific plans to change the number of our employees during the next twelve months.





Results of Operations

For the three and nine months ended September 30, 2020 and 2019





Revenue

The Company had no revenue for the three and nine months ended September 30, 2020 and 2019.





Operating Expenses

The following table presents our total operating expenses for the three and nine months ended September 30, 2020 and 2019:





                                     Three months ended          Nine months ended
                                        September 30,              September 30,
                                      2020          2019          2020         2019
Professional fees                  $      569      $ 1,056     $   21,117     $ 3,335

Other general and administrative 2,039 1,160 7,560 2,815 Operating expenses

$    2,608      $ 2,216     $   28,677     $ 6,150

Operating expenses consist mostly of the maintenance fees of the corporate entity and the preparation and filing of reports with the Securities and Exchange Commission. The increase in operating expenses for the nine months ended September 30, 2020 was due to the increase in professional fees and other general and administrative costs compared with the same periods in 2019.





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Liquidity and Capital Resources

As of September 30, 2020, the Company had current assets in the amount of $3,612 consisting solely of cash. On September 30, 2020, the Company had current liabilities of $108,690, consisting of an amount due to our controlling shareholder of $81,615, and accounts payable and accrued expenses of $27,075. Our working capital deficit as of September 30, 2020 was $105,078.

Since its inception, the Company has financed its cash requirements from the sale of common stock and advances from related parties. Uses of funds have included activities to establish our business, professional fees and other general and administrative expenses.

We believe the Company will need additional resources to implement its strategic objectives in upcoming quarters. Due to our lack of operating history, however, our auditors have stated in their audit report on the December 31, 2019 financial statements that there exists substantial doubt about our ability to continue as a going concern. As of September 30, 2020, the Company has an accumulated deficit of $457,054. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the next twelve months.

The ability of the Company to continue as a going concern is dependent upon, among other things, obtaining additional financing to continue its filings with the Securities and Exchange Commission. In response to this and other potential problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The following table provides detailed information about our net cash flow for the periods presented in this Report.





Cash Flow



                                               Nine months ended
                                                 September 30,
                                               2020          2019

Net cash used in operating activities $ (16,118) $ (2,826) Net cash provided by investing activities

            -             -
Net cash provided by financing activities            -             -
Net cash (outflow)                          $ (16,118)     $ (2,826)




Operating Activities

Cash used in operating activities for the nine months ended September 30, 2020, consisted of a net loss of $28,667, offset by an increase in accounts payable and accrued expenses of $12,559. Cash used in operating activities for the nine months ended September 30, 2019 consisted of a net loss of $6,150, offset by an increase in accounts payable and accrued expenses of $3,324. The increase in cash used in operating activities during the nine months ended September 30, 2020, as compared to the same period in 2019, was due the increase in net loss from $6,150 in 2019 to $28,667 in 2020, offset by a larger increase in accounts payable and accrued expenses in 2020.





Investing Activities

Net cash provided by our investing activities for the nine months ended September 30, 2020 and 2019 was $0.





Financing Activities

Net cash provided by our financing activities for the nine months ended September 30, 2020 and 2019 was $0.

Pending our completion of a future potential business combination, we are not conducting any business activities. Our only operating activities are to comply with Securities and Exchange Commission reporting requirements and to seek to complete a business combination through the acquisition of, or merger with, an existing company seeking the perceived advantages of being a publicly traded corporation.

Off Balance Sheet Arrangements

As of September 30, 2020, there were no off balance sheet arrangements.





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Critical Accounting Policies

In December 2001, the SEC requested that all registrants list their most "critical accounting polices" in the Management Discussion and Analysis. The SEC indicated that a "critical accounting policy" is one which is both important to the portrayal of a company's financial condition and results, and requires management's most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We do not believe that any accounting policies currently fit this definition.

Recently Issued Accounting Pronouncements

Our management has considered all recent accounting pronouncements issued since the last audit of our financial statements. Our management believes that these recent pronouncements will not have a material effect on our financial statements.

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