The following discussion should be read in conjunction with our financial
statements, including the notes thereto, appearing elsewhere in this annual
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. Our audited
financial statements are stated in
Results of Operations
The Company has incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.
The Company expects we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.
Year ended
Our net loss for the year ended
During the year ended
Liquidity and Capital Resources
Fiscal Years ended
As of
6
As of
Stockholders' equity decreased from a deficit of
Cash Flows from Operating Activities
The Company has not generated positive cash flows from operating activities. For
the year ended
Cash Flows from Financing Activities
The Company has financed our operations primarily from either advances from
related parties or the issuance of equity instruments. For the years ended
Material Commitments
As of the date of this Form 10-K, the Company does not have any material commitments.
Purchase of Significant Equipment
The Company does not intend to purchase any significant equipment during the next twelve months.
Off-Balance Sheet Arrangements
The Company has 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.
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