This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, our ability to fully establish our proposed websites and our ability to do business with
The following discussion and analysis should be read in conjunction with our consolidated financial statements and related footnotes and risk factors
for the year ended
As of 2020, the company is focusing on the emerging field of ghost kitchens and virtual restaurants. The company seeks to grow its business by meeting customer demand for unique on-site restaurants and amenities.
The company’s plan is to create a portfolio of virtual restaurants that appeal to a broad customer base. The company is actively seeking to acquire locations for ghost kitchens to meet the growth of app-based orders. The Company is also developing a network of third-party restaurants to obtain menus licensed from the Company.
We made licensing deals with three celebrities
Results of operations for the three months ended
We have had
in revenue for the three months ended
Cost of product sales for the three months ended
Professional fees for the three months ended
General and administrative expenses for the three months ended
Cash Flows Operating Activities
Net cash used in operating activities for the three months ended
amounted to (
Investing Activities None Financing Activities
Net cash used by financing activities amounted to
Cash and capital resources
The Company’s unaudited condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles.
applicable to a going concern that contemplates the realization of assets and the liquidation of liabilities in the ordinary course of business.
The Company has not yet established a continuing source of revenue sufficient to cover its operating costs and enable it to continue in operation. The Company’s ability to continue as a going concern depends on the Company obtaining sufficient capital to fund operating losses until it becomes profitable. If the Company is unable to obtain sufficient capital, it may be forced to cease operations.
In order to continue its operation, the Company will need, among other things, additional capital resources. Management’s plan is to secure these resources for the Company by continuing to generate revenue, securing capital from management and significant shareholders sufficient to meet its operating expenses, and seeking equity and / or by loan. However, management cannot guarantee that the Company will succeed in carrying out any of its plans.
The Company does not have sufficient cash flows for the next twelve months from the publication of these unaudited condensed consolidated financial statements. The ability of the Company to continue its operation depends on its ability to successfully carry out the plans described in the preceding paragraph and possibly to obtain other sources of financing and to carry out profitable operations. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that may be required if the Company is unable to continue as a going concern.
Off-balance sheet arrangements
There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, income or expenses, results of operations, liquidity , our capital expenditures or our capital resources that are important to investors. .
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