FORWARD-LOOKING STATEMENTS
This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
Overview of Operations
We are a Data Centric company with business activities focused three main areas:
ZEUUS Data Centers ZEUUS Energy ZEUUS Cyber Security
All four divisions work synergistically with each other in an synergetic ecosystem which enables growth and business protection. These technologies and divisions all stem from the massive requirements in our Data Centers.
While we are currently negotiating for the purchase of three data centers, the
recent acquisition by our ZEUUS Energy division of a unique, and scalable Wind
Turbine technology has us very excited. We have recently opened a 500 sqm, brand
new research and development facility in
We are also in negotiations for the acquisition of two cyber security companies and will update the market after we enter into definitive acquisition agreements.
Our mandate and focus are to harness the Cloud and provide all aspects of Data Services from protection to facilitation, to storage, to the sustainable energy consumption at all our Data Center locations.
Results of Operation for the Three Months Ended
Revenue
During the three months ended
General and Administrative Expenses
For the three months ended
Director compensation
During the six months ended
Professional Fees 11
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For the three months ended
Other Income/Expense
For the three months ended
Net Loss
Our net loss for the three months ended
Liquidity and Capital Resources
At
Cash Flows from Operating Activities
For the three months ended
Cash Flows from Investing Activities
During the three months ended
Cash Flows from Financing Activities
We have financed our operations primarily from loans from related parties. For
the three months ended
PLAN OF OPERATION AND FUNDING
We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.
Going Concern
We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.
The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs for the next fiscal year and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable.
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