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Financial report summary
?Management Discussion
- The Company had no revenue for the three and nine months ended September 30, 2021 and 2020.
- Operating expenses consist mostly of the maintenance fees of the corporate entity and the preparation and filing of reports with the Securities and Exchange Commission. The increase in operating expenses for the three and nine months ended September 30, 2021 compared to the same periods last year was primarily due to the increase in professional fees during these periods 2021 compared to 2020, as the Company actively complied with its SEC reporting obligations in the third quarter of 2021.
- As of September 30, 2021, the Company had no current assets and no cash. On September 30, 2021, the Company had current liabilities of $156,686, consisting of an amount due to our controlling shareholder of $81,615, notes payable of $37,000, and accounts payable and accrued expenses of $38,071. Our working capital deficit as of September 30, 2021 was $156,686.