The following information should be read in conjunction with our financial statements and related notes thereto included in Part I, Item 1, above.





Forward Looking Statements

Certain matters discussed herein are forward-looking statements. Such forward-looking statements contained in this Form 10-Q involve risks and uncertainties, including statements as to:

·our future strategic plans;

·our future operating results;

·our business prospects;

·our contractual arrangements and relationships with third parties;

·the dependence of our future success on the general economy;

·our possible future financings; and

·the adequacy of our cash resources and working capital.

These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," "estimate" or words of similar meaning. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which are described in close proximity to such statements and which could cause actual results to differ materially from those anticipated. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are only made as of the date of this Form 10-Q, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.





Executive Overview

The Company is a smaller reporting company that was originally incorporated on May 17, 2017, in the State of Delaware. On September 28, 2021, to better reflect the Company's focus, the Company amended its Certificate of Incorporation to effect a change in name from "CannAssist International Corporation" to "The Electronic Servitor Publication Network, Inc."

On October 9, 2021, the Company obtained a 10-year license from Phitech Management, LLC, automatically renewable after the initial 10-year-term for successive 1-year terms, to employ advanced technology that provides dynamic content provisioning and metadata management through its tech stack, as well as omnichannel publication, to achieve greater reach and lift for content providers. This technology allows providers to maintain better control of their content while creating a target-rich environment to attract sponsorship and advertisers in their respective industry.

The Company's mission is to become the premier content management and distribution platform for multiple verticals through the development of publication and monetization products, services, and technologies as well as through future strategic acquisitions or mergers. The goal is to connect content providers and creators with their intended audiences and audiences that expand their reach. The platform functionality provisions content and provides omnichannel publication and monetization opportunities, allowing the Company's customers more time to focus on content creation.

Starting in 2022, associated with the change of management and results from ongoing research and development of its technology, the Company's target audience evolved going beyond any specific vertical or industry and is aimed at serving those in need of increasing global awareness and brand exposure at an exponential rate. The technology the Company deploys can range from existing mature industries with new technology and advancements to emerging industries representing today's risk takers. The URL of the new website that will host the Company's technology and services is https://www.xespn.com.

Over the next quarter, the Company will continue building its customer base and professional relationships, market and advertise, and acquire or license technological assets and intellectual property. Notwithstanding this, the Company's independent auditors issued a report for the period covered raising substantial doubt about the Company's ability to continue as a going concern. The Company's continuation as a going concern is dependent upon its ability to generate customers and sufficient cash flow to meet its obligations on a timely basis and ultimately to attain profitability. There is no guarantee that the Company's activities will generate sufficient revenues to sustain its operations, or its ability to sell its services to generate consistent profitability. In order to effectuate the Company's business plan and maintain operations, the Company will have to raise additional capital from equity financing and/or from its officers, directors, or principal stockholders, subject to terms obtainable and satisfactory to the Company. There is no guarantee that the Company will be able to raise additional funds or to do so at an advantageous price. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.





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Results of Operations

For the three months ended June 30, 2022, the Company had revenues of $0. In comparison, for the three months ended June 30, 2021, all of revenue and cost of revenue have been included in the loss from discontinued operations (Refer to Note 9, above).

For the period covered by this report, operating expenses were $140,752. This includes $11,888 of general and administrative expenses, $24,000 of professional fees, and $104,864 of non-cash stock-based compensation for the issuance of warrants. In comparison, for the three- and six-month period ended June 30, 2021, all operating expenses have been included in the loss from discontinued operations (Refer to Note 9, above).

For the three- and six-month period covered by this report, the Company posted a net loss of $142,190 and $266,284, respectively, compared to a net loss of $6,496 and $79,254 from discontinued operations for the three- and six-month period ended June 30, 2021, respectively.

For the period covered by this report, the Company used $36,577 of cash in operating activities and generated $55,273 in cash from financing activities. In comparison, for the six-month period ended June 30, 2021, the Company used $175,601 of cash in operating activities and generated $17,588 in cash from financing activities. The Company did not use or generate any cash in investing activities for the end of the period covered by this report.

Liquidity and Capital Resources

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company generated revenues of $0 and had a net loss of $142,190 for the three months ended June 30, 2022. The Company has an accumulated deficit of $$6,181,516 as of June 30, 2022. The Company requires capital for its contemplated operational and marketing activities. The obtainment of additional financing, through an additional capital raise, the successful development of the Company's contemplated plan of operations, and its transition to the attainment of continued profitable operations are necessary for the Company to continue operations.

The Company used $36,577 of cash from operations for the period ended June 30, 2022. Net cash provided by financing activities for the period ended June 30, 2022, was $55,273.

As of June 30, 2022, the Company had $18,696 in cash.

Critical Accounting Estimates and Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Note 2 to the Financial Statements describes the significant accounting policies and methods used in the preparation of the Financial Statements. Estimates are used for, but not limited to, contingencies and taxes. Actual results could differ materially from those estimates. The following critical accounting policies are impacted significantly by judgments, assumptions, and estimates used in the preparation of the Financial Statements.

We are subject to various loss contingencies arising in the ordinary course of business. We consider the likelihood of loss or impairment of an asset or the incurrence of a liability, as well as our ability to reasonably estimate the amount of loss in determining loss contingencies. An estimated loss contingency is accrued when management concludes that it is probable that an asset has been impaired, or a liability has been incurred and the amount of the loss can be reasonably estimated. We regularly evaluate current information available to us to determine whether such accruals should be adjusted.





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Off-Balance Sheet Arrangements

We have not entered into any 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 and would be considered material to investors.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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