13 unchanged sentences
“smaller reporting company,” as defined by Rule 229.10(f)(1).
−Removed: NOTE REGARDING FORWARD-LOOKING STATEMENTS
+Added: CAUTIONARY NOTE
+Added: REGARDING FORWARD-LOOKING STATEMENTS
This quarterly report
67 unchanged sentences
elected to comply with certain reduced public company reporting requirements.
−Removed: We were formed in October
−Removed: 2020 and have not yet established profitable operations or generated revenue.
−Removed: For the three months ended June 30, 2021, we incurred $132,515
−Removed: in net losses due to $116,742 in software research and development expenses, $1,150 in marketing expenses, $11,349 in general and administrative
−Removed: expenses, $2,917 in interest expense and $360 in depreciation expense.
−Removed: For the six months
−Removed: ended June 30, 2021, we incurred $233,764 in net losses due to $206,330 in software research and development expenses, $2,121 in marketing
+Added: We were formed in
+Added: October 2020 and have not yet established profitable operations or generated revenue.
+Added: For the three months ended September 30, 2021,
+Added: we incurred $295,994 in net losses due to $268,118 in software research and development expenses, $1,882 in marketing expenses, $19,448
+Added: in general and administrative expenses, $5,829 in interest expense and $720 in depreciation expense.
+Added: For the nine months
+Added: September 30, 2021, we incurred $529,758 in net losses due to $474,445 in software research and development expenses, $4,003 in marketing
expenses, $37,071 in general and administrative expenses, $13,043 in interest expense and $1,196 in depreciation expense.
18 unchanged sentences
is a pre-revenue, software and services company that relies on short-term debt and equity funding for its operations.
−Removed: At June 30, 2021
+Added: At September 30,
2021 and December 31, 2020, the Company had a cash balance (net of restricted cash) of $243,914 and $101,317, and the Company used $573,356
−Removed: to fund operating activities for the six months ended June 30, 2021.
+Added: to fund operating activities for the nine months ended September 30, 2021.
may need to raise additional funding and manage expenses in order to continue as a going concern.
1 unchanged sentence
THREE MONTHS ENDED
−Removed: JUNE 30, 2021
+Added: SEPTEMBER 30, 2021
The following
−Removed: table set forth certain selected unaudited statement of operations data for the three months ended June 30, 2021 (the Company was formed
−Removed: in October 2020).
−Removed: from operations
−Removed: from continuing operations
+Added: table set forth certain selected unaudited statement of operations data for the three months ended September 30, 2021 (the Company was
+Added: formed in October 2020).
+Added: Operating expenses
+Added: Loss from operations
+Added: Net loss from continuing operations
Net loss per common share
Operating expenses
−Removed: For the six months
−Removed: ended June 30, 2021, the Company recognized a total of $226,550 in operating expenses.
+Added: For the three months
+Added: ended September 30, 2021, the Company recognized a total of $290,165 in operating expenses.
The operating expenses were comprised of
−Removed: in software research and development expenses, $2,121 in marketing expenses, $17,623 in general and administrative expenses and $476
−Removed: in depreciation expense.
−Removed: three months ended June 30, 2021, the Company had $2,914 in interest expense related to the senior secured convertible promissory notes.
+Added: $268,115 in software research and development expenses, $1,882 in marketing expenses, $19,448 in general and administrative expenses
+Added: and $720 in depreciation expense.
+Added: three months ended September 30, 2021, the Company had $5,829 in interest expense related to the senior secured convertible promissory
from operations
−Removed: realized a net loss from operations of $132,515 for the three months ended June 30, 2021.
+Added: realized a net loss from operations of $290,165 for the three months ended September 30, 2021.
RESULTS OF OPERATIONS
−Removed: SIX MONTHS ENDED JUNE 30,
+Added: NINE MONTHS ENDED SEPTEMBER
The following
−Removed: table set forth certain selected unaudited statement of operations data for the six months ended June 30, 2021 (the Company was formed
−Removed: in October 2020).
+Added: table set forth certain selected unaudited statement of operations data for the nine months ended September 30, 2021 (the Company was
+Added: formed in October 2020).
Operating expenses
Loss from operations
−Removed: Net loss from continuing
+Added: Net loss from continuing operations
Net loss per common share
Operating expenses
−Removed: For the six months
−Removed: ended June 30, 2021, the Company recognized a total of $226,550 in operating expenses.
+Added: For the nine months
+Added: ended September 30, 2021, the Company recognized a total of $516,715 in operating expenses.
The operating expenses were comprised of
−Removed: in software research and development expenses, $2,121 in marketing expenses, $17,623 in general and administrative expenses and $476
−Removed: in depreciation expense.
−Removed: six months ended June 30, 2021, the Company had $7,214 in interest expense related to the senior secured convertible promissory notes.
+Added: $474,445 in software research and development expenses, $4,003 in marketing expenses, $37,071 in general and administrative expenses
+Added: and $1,196 in depreciation expense.
+Added: nine months ended September 30, 2021, the Company had $13,043 in interest expense related to the senior secured convertible promissory
from operations
−Removed: realized a net loss from operations of $233,764 for the six months ended June 30, 2021.
+Added: realized a net loss from operations of $516,715 for the nine months ended September 30, 2021.
Liquidity and capital resources
+Added: As of September
30, 2021, the Company had cash in the amount of $327,414, of which $83,500 was restricted, compared to cash in the amount of $201,317,
of which $100,000 was restricted, as of December 31, 2020.
−Removed: As of June 30, 2021, the Company had a stockholders’ equity of $485,049
+Added: As of September 30, 2021, the Company had a stockholders’ equity of
$189,055 compared to a stockholders’ deficit of $5,687, as of December 31, 2020.
The Company’s
−Removed: accumulated deficit was $239,451 and $5,687 as of June 30, 2021 and December 31, 2020, respectively.
−Removed: six months ending June 30, 2021, the Company’s operations resulted in net cash used of $246,990.
−Removed: used in in investing activities for the six months ending June 30, 2021 was $6,449, used to purchase computer equipment.
−Removed: Net cash used
−Removed: in in investing activities for the six months ending June 30, 2021 was $6,449, used to purchase computer equipment, and $2,098 used to
−Removed: acquire intangible assets, Trademarks.
+Added: accumulated deficit was $535,445 and $5,687 as of September 30, 2021 and December 31, 2020, respectively.
+Added: nine months ending September 30, 2021, the Company’s operations resulted in net cash used of $573,356.
+Added: used in in investing activities for the nine months ending September 30, 2021 was $6,449, used to purchase computer equipment and to
+Added: acquire intangible assets, Trademark, of $2,098.
The Company’s
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.