FORWARD LOOKING STATEMENTS
This Quarterly Report of Road Marshall, Inc. on Form 10-Q contains
forward-looking statements, particularly those identified with the words,
"anticipates," "believes," "expects," "plans," "intends," "objectives," and
similar expressions. These statements reflect management's best judgment based
on factors known at the time of such statements. The reader may find discussions
containing such forward-looking statements in the material set forth under
"Management's Discussion and Analysis of Financial Condition and Results of
Operations," generally, and specifically therein under the captions "Liquidity
and Capital Resources" as well as elsewhere in this Quarterly Report on Form
10-Q. Actual events or results may differ materially from those discussed
herein. The forward-looking statements specified in the following information
have been compiled by our management on the basis of assumptions made by
management and considered by management to be reasonable. Our future operating
results, however, are impossible to predict and no representation, guarantee, or
warranty is to be inferred from those forward-looking statements.
The assumptions used for purposes of the forward-looking statements specified in
the following information represent estimates of future events and are subject
to uncertainty as to possible changes in economic, legislative, industry, and
other circumstances. As a result, the identification and interpretation of data
and other information and their use in developing and selecting assumptions from
and among reasonable alternatives require the exercise of judgment. To the
extent that the assumed events do not occur, the outcome may vary substantially
from anticipated or projected results, and, accordingly, no opinion is expressed
on the achievability of those forward-looking statements. No assurance can be
given that any of the assumptions relating to the forward-looking statements
specified in the following information are accurate, and we assume no obligation
to update any such forward-looking statements.
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
We prepare our financial statements in conformity with GAAP, which requires
management to make certain estimates and apply judgments. We base our estimates
and judgments on historical experience, current trends and other factors that
management believes to be important at the time the financial statements are
prepared. Due to the need to make estimates about the effect of matters that are
inherently uncertain, materially different amounts could be reported under
different conditions or using different assumptions. On a regular basis, we
review our critical accounting policies and how they are applied in the
preparation of our financial statements.
While we believe that the historical experience, current trends and other
factors considered support the preparation of our financial statements in
conformity with GAAP, actual results could differ from our estimates and such
differences could be material.
PLAN OF OPERATION
Road Marshall, Inc. is a company with the intent to become one of the, if not
the primary, leading publicly traded iOS and Android application development and
promotion companies in the industry. Our proprietary application is called Road
Marshall. Road Marshall is an application which will be invaluable to its users
in the event of car trouble and should revolutionize the way tow truck companies
are found within the United States, and eventually around the world.
It is worth noting that we expect our application Road Marshall will be free to
download and use on iOS, but will not be available on the Android store
temporarily. The Company intends to monetize the mobile application through
third party advertisements during the 2022 fiscal year. These advertisements
could include, but not strictly be limited to, their products, services, and or
other mobile applications that are not in direct competition to our own (such as
application games for example). At this point in time there are no agreements in
place with any specific advertisers, and our plan to monetize our application
through advertisements remains in the planning stages.
We will only begin monetizing the application through advertisements when the
application has gained a larger user base. We believe that when a sufficient
user base has been achieved then the addition of unobtrusive advertisements will
not materially impact the number of users who utilize Road Marshall. There is
also the possibility that Road Marshall may insert "in app" purchases whereby a
user can purchase upgraded services or products within the app. However, this is
speculative and is only mentioned as a possibility down the line if we are not
generating sufficient revenue from the use of advertisements alone. At present,
no definitive plans are in place for any "in app" purchases.
RESULTS OF OPERATIONS
For the three and nine months ended June 30, 2022 and 2021
We generated $0 in revenue for the nine months ended June 30, 2022 and 2021. Our
operating expenses were $4,514 and $4,515 for the three months ended June 30,
2022 and 2021, respectively. Our operating expenses were $23,519 and $20,680 for
the nine months ended June 30, 2022 and 2021, respectively. Operating expenses
were solely general and administrative in nature, consisting primarily of
professional and consulting fees. Our net loss for the three-month period ended
June 30, 2022 and 2021 were $4,514 and $4,515, respectively. Our net loss for
the nine-month period ended June 30, 2022 and 2021 were $23,519 and $20,680,
respectively.
LIQUIDITY AND CAPITAL RESOURCES
We have no known demands or commitments and are not aware of any events or
uncertainties as of June 30, 2022 that will result in or that are reasonably
likely to materially increase or decrease our current liquidity.
We had no material commitments for capital expenditures as of June 30, 2022.
For future expenses we intend to be funded by our officers and directors until
we can generate substantive revenues from our application, Road Marshall or from
technical services provided to clients. There is a possibility that our officers
and directors may not loan or provide us any such funds.
-3-
--------------------------------------------------------------------------------
Table of Contents
OFF-BALANCE SHEET ARRANGEMENTS
The Company does not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on the Company's financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that is
material to investors.
© Edgar Online, source Glimpses