Overview
The Company operates as a public reorganized corporation with the business purpose to acquire or merge with an existing business operation.
Results of Operations
The Company did not have any operations and did not have any operating revenues
during the years ended
Total expenses for the for the years ended
Liquidity and Capital Resources
The Company had no active business operation during the year. Accordingly, all the Company's cash flow needs for 2020 were provided solely by a related party of Global Funds to pay expenses necessary as a public company.
Going forward, the Company will continue to source adequate funding from future investors to execute business opportunities when they arise in the future. However, such funding and business opportunities will rely entirely on the prevailing circumstances when the funding or profitable business opportunities are identified. If such opportunities are not identified in the near term, the Company will experience delay in effecting its business plans.
The financial statements have been prepared assuming that the Company will continue as a going concern. The Company is currently a public reorganized shell corporation and has no current business activity. The Company's ability to continue as a going concern is dependent on continued support from a related party of Global Funds, the majority stockholder. This gives rise to substantial doubt about the Company's ability to continue as a going concern.
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Critical Accounting Policies and Estimates
We prepare our financial statements in conformity with accounting principles
generally accepted ("GAAP") in
The preparation of financial statements in conformity with GAAP in
Off-Balance Sheet Arrangements
There are 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 that is material to investors.
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