The following discussion should be read in conjunction with the accompanying
financial statements for the three-month period ended March 31, 2020 and the
Form 10-K for the fiscal year ended December 31, 2019.
Liquidity and Capital Resources
At March 31, 2020, the Company had current assets in the form of cash of $46,547
and prepaid expense of $2,125. This compares with cash of $64,615 and prepaid
expense of 1,750 as of December 31, 2019. The decrease in cash was due to
expenses associated with maintaining the Company's public status and evaluating
business opportunities.
Results of Operations
The Company has not realized any revenues from operations in the past two years,
and its plan of operation for the next twelve months shall be to continue its
efforts to locate a suitable acquisition/merger candidate.
It is unlikely the Company will have any revenue, other than interest income,
unless it is able to effect an acquisition of or merger with an operating
company, of which there can be no assurance.
For the three months ending ended March 31, 2020 and 2019, the Company reported
net losses of $17,693 and $31,195, respectively. The decrease in net loss was
due primarily to decreased rent expense as well as decreased payments to
consultants (including related parties) for services in connection with
evaluation of merger candidates and maintaining the company's public status.
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