Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
OTC, PR, Selman, vehicle, whereunder
Removed:
FMV, loaned, local, postponed, return, review
Financial report summary
?Management Discussion
- The Company shifted its focus to the FinTech sector during fiscal 2020 and has acquired operating, revenue generating subsidiaries, Bombshell and PERA. Further, in line with the shift in focus to FinTech, the Company divested WCS effective September 30, 2019 and the Resort at Lake Selman on March 3, 2021, and the operations for both of the aforementioned subsidiaries have been included in discontinued operations in the current reporting period for each of the three and nine months ended March 31, 2021 and 2020. Financial results for the three and nine months ended March 31, 2021 include the current operations of wholly owned subsidiaries, Bombshell and PERA, as well as Pera Administrators LLC, the operations of which are for the sole benefit of PERA LLC. In addition, the Company has combined the financial results of Appreciation Financial LLC and Appreciations Rewards LLC, deemed to be common control entities, for the period from August 19, 2020 to March 31, 2021, in order for the results of the Company’s operations and financial position to not be misleading. All material intercompany accounts, transactions, and profits have been eliminated in consolidation. Financial results for the three and nine months ended March 31, 2020 are “combined” with respect to the operations of Bombshell Technologies, Inc. under the requirements of ASC 850-50-45, which results impact the statements of profit and loss and statements of cash flows to include operations of Bombshell Technologies Inc. as though it had been acquired on inception.