The following discussion should be read in conjunction with the accompanying
financial statements for the three- and six-month periods ended June 30, 2022
and 2021 and the Form 10-K for the fiscal year ended December 31, 2021.
Liquidity and Capital Resources
At June 30, 2022, the Company had current assets in the form of cash of $26,728
and liabilities of $430. 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 ended June 30, 2022 and 2021, the Company showed net losses
of $6,130 and $3,600, respectively. The increase in net loss was due primarily
to a change in timing of incurring a portion of expenses associated with the
Company's annual audit.
For the six-month periods ended June 30, 2022 and 2021, the Company showed net
losses of $11,434 and $13,726, respectively. The decrease in net loss was due
primarily to elimination of the one-time fee associated with the previous audit
firm change.
© Edgar Online, source Glimpses