The following discussion should be read in conjunction with the accompanying
financial statements for the three- and six-month periods ended June 30, 2021
and 2020 and the Form 10-K for the fiscal year ended December 31, 2020.
Liquidity and Capital Resources
At June 30, 2021, the Company had current assets in the form of cash of $6,304
and liabilities of $205. This compares with cash of $19,530, prepaid expense of
$500 and liabilities of $205 as of December 31, 2020. The decrease in cash was
due to expenses associated with maintaining the Company's public status.
Results of Operations
The Company has not realized any revenues from operations in the past two years,
and its plan of operation for the next twelve months shall be to continue its
efforts to locate a suitable acquisition/merger candidate.
It is unlikely the Company will have any revenue, other than interest income,
unless it is able to effect an acquisition of or merger with an operating
company, of which there can be no assurance.
For the three months ended June 30, 2021 and 2020, the Company showed net losses
of $3,600 and $12,691, respectively. The decrease in net loss was due primarily
to decreased payments to consultants (including related parties) for services in
connection with evaluation of merger candidates and maintaining the company's
public status, as well as decreased rent expense.
For the six-month periods ended June 30, 2021 and 2020, the Company showed net
losses of $13,726 and $30,384, respectively. The decrease in net loss was due
primarily to decreased payments to consultants (including related parties) for
services in connection with evaluation of merger candidates and maintaining the
company's public status, as well as decreased rent expense.
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