The following discussion should be read in conjunction with the accompanying financial statements for the three-month period ended March 31, 2022 and the Form 10-K for the fiscal year ended December 31, 2021.

Liquidity and Capital Resources

At March 31, 2022, the Company had current assets in the form of cash of $35,393 and liabilities of $2,965. This compares with cash of $39,732 and liabilities of $2,000 as of December 31, 2021. The decrease in cash was due to expenses associated with maintaining the Company's public status.





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, 2022 and 2021, the Company reported net losses of $5,304 and $10,126, respectively. The decrease in net loss was due primarily to a change in timing of incurring a portion of expenses associated with the Company's annual audit, as well as elimination of the one-time fee associated with the previous audit firm change.

© Edgar Online, source Glimpses