The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information contained in this prospectus.
Overview
We need a minimum of approximately
Our address is
Since our inception, we have devoted our activities to the following:
(1) Purchasing a debt portfolio;
(2) Obtaining bids from professional collectors to collect the portfolio;
(3) Developing contacts from whom to purchase portfolios;
(4) Contracting for operational support; and
(5) Securing enough capital to carry out these activities.
Plan of Operations
Our plan of operation for the following 12 months is as follows:
Months 1 To 3
During the following three months, we plan to:
8 Requirements & Ux Design
Our management team will work with a third-party Web development company to
gather the requirements and agree on the UX (User Experience) options. Once the
UX design was defined, it will be developed into a UI (User Interface) design.
Once the UX & UI are complete, it will be passed on to the development team.
Outcome of this phase will be a complete design for the iPhone Application. We
expect that this period will require an expenditure of approximately
Months 4 to 6
Between four to six months from the date of filing of this Form 10-K, we plan to achieve the following:
A third-party Web development company will build the administrative web portal
using .Net technology. The iPhone Application will be built using native
objective-C code. Android Application will be built using native java code. Once
the architecture has been finalized, the development of the iPhone application
and the admin web portal will occur in parallel. We expect that this period will
require an expenditure of approximately
Months 7 to 12
Between seven and twelve months from the date of filing of this Form 10-K, we plan to achieve the following:
• Correct any detected discovered defects; • Submission to theApp Store ; • Promote to freelancers and small sized businesses; and • Support multi-user.
App Store Submission: The software developer will facilitate the
Comparison of the Years Ended
Lack of Revenues
We have limited operational history. During the year ended
Operating Expenses
The Company's operating expenses for the year ended
Net Loss
During the year ended
9
Liquidity and Capital Resources
Our capital resources have been acquired through the sale of shares of our common stock and loans from shareholders and third parties.
At
At
Cash flows from operating activities
Net cash used in operating activities was (
Cash flows from financing activities
Net cash provided by financing activities was $NIL for the year ended
Cash Requirements
We intend to propagative funding for our activities, if any, through a combination of the private placement of the company's equity securities and the public sales of equity securities.
We have no agreement, commitment or understanding to secure any funding from any source.
Off-Balance Sheet Arrangements
We do not have any off balance sheet arrangements.
Office
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