FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly 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 quarterly report.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to the common shares in our capital stock.

As used in this quarterly report, the terms "we", "us", "our" and "our company" mean Kalmin Corp. and our wholly-owned subsidiary, No Tie LLC, a New York limited liability corporation, unless otherwise indicated.





General Overview

We were incorporated under the laws of the State of Nevada on July 20, 2017, for the purpose of manufacturing and selling the necessary equipment for drinking mate - kalabas and bombilla.

On May 4, 2018, as a result of a private transaction, the control block of voting stock of our company, represented by 4,000,000 shares of common stock, was transferred from Jose Maria Galarza Gaona to Greenfields International Limited, resulting in a change of control.

Upon the change of control of our company, the existing directors and officers resigned immediately. Accordingly, Jose Maria Galarza Gaona, serving as director and President and Karel Astride Oulai, serving as Treasurer and Secretary, ceased to be officers and directors of our company. At the effective date of the transfer, Teddy Chen An, assumed the role of director and Chief Executive Officer, President, Secretary and Treasurer of our company.

With the change of control on May 4, 2018, management determined it was in the best interest of our company to seek new business opportunities.

On December 1, 2018, we entered into a Share Sale and Purchase Agreement (the "Agreement") with No Tie LLC ("No Tie"). Under the terms of the Agreement, we have agreed to purchase all of the issued and outstanding shares of No Tie and its mobile application assets for a purchase price of $37,500 (the "Acquisition").






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In connection with the Agreement, our company assumed certain ongoing responsibilities of No Tie, including maintaining Apple developer licenses and domain name registration and hosting.

The assets acquired by our company consist of a significant portion of the assets used in the operation of the No Tie business, with the exception of, accounts receivable for sales made prior to the closing date for the developer accounts, cash on hand and all computers, printers and related accessories and technology equipment.

On December 2, 2018, we entered into a First Amendment to the Agreement, wherein the closing date of the Acquisition was extended from December 1, 2018 to on or before January 31, 2019. The Acquisition closed on January 25, 2019. At closing, No Tie became a subsidiary of our company.

Our principal executive offices are located at Osterbrogade 226 st. tv, Copenhagen, Denmark 2100. Our telephone number is (302)782-4171. We do not have a corporate website.

Other than as set out herein, we have not been involved in any bankruptcy, receivership or similar proceedings, nor have we been a party to any material reclassification, merger, consolidation or purchase or sale of a significant amount of assets not in the ordinary course of our business.





Our Current Business

Upon closing of the Acquisition, we are now an App business with 120+ Apps primarily for iPhone, iPad and Apple Watch with over six million downloads and awards from AARP, About.com, BestAppEver and more. Several of our Apps have consistently been ranked in the Top Ten in their categories, including #1 iPad Medical app.

Our Apps are available for download through the Apple App Store.





iOS Apps and Games

Our iPhone iOS portfolio includes 97 Apps, primarily consisting of ring tones. Our apps also include talking video greeting cards, games, Autism Speaking Soundboards and more.

Our iPad iOS portfolio includes 90 Apps, primarily consisting of ring tones. Our apps also include games, Autism Speaking Soundboards, iFAQs and more.

We currently have 1 apple TV App, Name That Candidate.

Our Mac Apps portfolio includes 2 ring tone Apps and 1 game.





Results of Operations

Three Months Ended November 30, 2019 Compared to November 30, 2018





Our operating results for the three months ended November 30, 2019 and 2018, and
the changes between those periods for the respective items are summarized as
follows:



                      Three Months       Three Months
                         Ended              Ended
                      November 30,       November 30,
                          2019               2018          Changes

Revenues             $          794     $            -     $    794
Operating Expenses   $       16,650     $        8,556     $  8,094
Net loss             $      (15,856 )   $       (8,556 )   $ (7,300 )





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On December 1, 2018, we entered into a Share Sale and Purchase Agreement with No Tie LLC. The Acquisition closed on January 25, 2019. At closing, No Tie became a subsidiary of our company.

During the three months ended November 30, 2019 and 2018, we incurred total net loss of $15,856 and $8,556, respectively.

We recognized revenue of $794 from mobile application sales for the three months ended November 30, 2019 as compared to $0 during the three months ended November 30, 2018. The Company started to recognize mobile application sales since the acquisition of No Tie LLC on January 25, 2019.

Operating expenses were $16,650 for the three months ended November 30, 2019, compared to $8,556 for the three months ended November 30, 2018 due to increase in professional fees incurred with respect to the requirements for public reporting.

Liquidity and Capital Resources





Working Capital



                                   As of             As of
                                November 30,       August 31,
                                    2019              2019          Changes

Current Assets                 $        3,120     $      2,326     $     794
Current Liabilities            $       71,540     $     54,890     $  16,650
Working Capital (Deficiency)   $      (68,420 )   $    (52,564 )   $ (15,856 )




As of November 30, 2019, we had a working capital deficit of $68,420 compared to
a working capital deficit of $52,564 as of August 31, 2019. The increase in
working capital deficiency was mainly due to the increase in advances from the
director.



Cash Flows



                                            Three Months       Three Months
                                               Ended              Ended
                                            November 30,       November 30,
                                                2019               2018           Changes

Net cash used in operating activities $ (15,408 ) $ (3,519 ) $ (11,889 ) Net cash provided by investing activities

                                 $            -     $            -     $       -
Net cash provided by financing
activities                                 $       16,350     $        3,519     $  12,831
Net increase in cash and cash
equivalents                                $          942     $            -     $     942

Cash Flow from Operating Activities

During the three months ended November 30, 2019, net cash used in operating activities was $15,408, related to our net loss from continued operations of $15,856, increased by a decrease in accounts receivable of $148 and an increase in accounts payable and accrued liabilities of $300.

During the three months ended November 30, 2018, net cash used in operating activities was $3,519, related to our net loss from continued operations of $8,556, decreased by an increase in accounts payable and accrued liabilities of $5,037.






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Cash Flow from Investing Activities

We had no investing activities during the three months ended November 30, 2019 and 2018.

Cash Flow from Financing Activities

During the three months ended November 30, 2019 and 2018, net cash provided by financing activities was $16,350 and $3,519 attributed to the net advancement from the director.

Off-Balance Sheet Arrangements

We have 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 stockholders.

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