The following discussion should be read in conjunction with our financial
statements, including the notes thereto, appearing elsewhere in this 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. Factors that could cause or
contribute to such differences include, but are not limited to those discussed
below and elsewhere in this Report. Our audited financial statements are stated
in United States Dollars and are prepared in accordance with United States
Generally Accepted Accounting Principles.
BUSINESS OVERVIEW
To June 27, 2022, the Company was developing a new kind of messenger. Charmt's
app was intended to be a unique product with high production value and high
revenue potential. It was going to be developed and published on both original
and licensed IP. As the result of the change in control transaction on June 27,
2022, the Company assigned the software acquired by the Company on March 17,
2022 to Gediminas Knyzelis, the former sole officer and director. As a result of
the ownership and management change described above, the Company ceased its
former business plans and is now searching for business opportunities to
acquire.
As of the issuance date of this filing, no new business acquisition has
occurred.
Results of Operations
For the three months ended September 30, 2022
During the three months ended September 30, 2022 and 2021, we generated no
revenues. Our operating expenses for the same periods were comprised of
operating expenses of $2,163 and $2,678, respectively, resulting in net loss of
$2,163 for the three months ended September 30, 2022 compared to a net loss of
$2,678 for the three months ended September 30, 2021. Our operating expenses
consisted of mainly professional fees for the three months ended September 30,
2022 and 2021, respectively. The decrease in operating expenses was mainly due
to lesser bank charges.
For the nine months ended September 30, 2022
During the nine months ended September 30, 2022 and 2021, we generated no
revenues. Our operating expenses for the same periods were comprised of
operating expenses of $13,486 and $19,805, respectively, resulting in net loss
of $13,486 for the nine months ended September 30, 2022 compared to a net loss
of $19,805 for the nine months ended September 30, 2021. Our operating expenses
consisted of mainly professional fees for the nine months ended September 30,
2022 and 2021, respectively. The decrease in operating expenses was mainly due
to lesser professional fees.
Our total assets as of September 30, 2022 were $0.
As of September 30, 2022, the Company had 3,870,600 shares of common stock
issued and outstanding.
Liquidity and Capital Resources
As of September 30, 2022, we had cash and cash equivalents of $0. The Company
expects to obtain financing to meet our basic operating requirements for the
next twelve months.
Operating Activities
For the nine months period ended September 30, 2022, net cash used in operating
activities was $12,032, compared to net cash used in operating activities of
$24,358 for the nine months period ended September 30, 2021. Such decrease was
primarily due to lesser professional fees.
Investing Activities
For the nine months period ended September 30, 2022 and 2021, net cash used in
investing activities was $0 and $0, respectively.
Financing Activities
For the nine months period ended September 30, 2022 net cash provided by
financing activities was $10,957, compared to the net cash provided by financing
activities of $23,335 for the nine months period ended September 30, 2021. Such
decrease was due to a lower number of advances from our former sole officer and
director, Gediminas Knyzelis.
Off-balance Sheet Arrangements
We have no significant off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in our financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that are material to our
stockholders.
Recent accounting pronouncements
The Company has reviewed all recently issued, but not yet effective, accounting
pronouncements and do not believe the future adoption of any such pronouncements
may be expected to cause a material impact on its financial condition or the
results of its operations.
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