17 unchanged sentences
During year ended August 31, 2020, we incurred $14,364 general and administrative expenses compared to $15,703 during year ended August 31, 2019.
−Removed: The expenses increased due to expanded operations.
−Removed: General and administrative expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting and developmental costs.
−Removed: During year ended August 31, 2019 are expenses consisted of accounting fees of $14,000, bank charges of $514, depreciation of $290 and other miscellaneous expenses of $899.
+Added: The expenses decreased due to reduction in professional and banking fees for the year ended August 31, 2020 General and administrative expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting and developmental costs.
+Added: During year ended August 31, 2020, expenses are consisted of accounting fees of $10,750, legal fees of $949, transfer agent fees of $1,317, bank charges of $100, depreciation of $317 and other miscellaneous expenses of $931.
Our net loss for the year ended August 31, 2020 was $14,364 compared to net loss of $15,703 during year ended August 31, 2019.
−Removed: Our loss increased due to expanded operations.
LIQUIDITY AND CAPITAL RESOURCES
As of August 31, 2020
−Removed: As of August 31, 2019 our total assets were $18,200 compared to $12,903 in total assets at August 31, 2018.
−Removed: As of August 31, 2019 and August 31, 2018 our total current liabilities were $9,217.
−Removed: Stockholders equity increased from $3,686 as of August 31, 2018 to $8,983 as of August 31, 2019.
+Added: As of August 31, 2020 our total assets were $6,019 compared to $18,200 in total assets on August 31, 2019.
+Added: As of August 31, 2020 our total current liabilities were $11,400 compared to $9,217 in total liabilities on August 31, 2019.
+Added: Stockholders deficit was $5,381as of August 31, 2020 compared to Stockholders equity of $8,983 as of August 31, 2019.
Cash Flows from Operating Activities
−Removed: For the year ended August 31, 2019, cash flows used by operating activities was $17,213 consisting of a net loss of $15,703, subscription receivable of $1,800 and amortization of $290.
−Removed: Net cash flows provided by operating activities was $855 for year ended August 31, 2018 consisting entirely of a net loss of $855.
+Added: For the year ended August 31, 2020, cash flows used by operating activities was $12,014 consisting of a net loss of $14,364, subscription receivable of $1,800, accounts payable of $233 and amortization of $317.
+Added: Net cash flows provided by operating activities was $17,213 for year ended August 31, 2019 consisting of a net loss of $15,703, subscription receivable of $1,800 and amortization of $290.
Cash flows from Investing Activities
For the year ended August 31, 2019, cash flow used in investing activities was $950 compared to $0 for the year ended August 31, 2020.
+Added: During the year ended August 31, 2019, the Company purchased computer equipment to make operations more efficient.
Cash Flows from Financing Activities
We have financed our operations primarily from either advancements or the issuance of equity instruments.
−Removed: For the year ended August 31, 2019 net cash provided by financing activities was $21,000 received from proceeds from issuance of common stock compared to $13,600 received from proceeds from issuance of common stock and proceeds from loan from shareholder for the year August 31, 2018.
+Added: For the year ended August 31, 2020 net cash provided by financing activities was $1,950 received from proceeds from issuance of Common stock compared to $21,000 for the year August 31, 2019.
PLAN OF OPERATION AND FUNDING
25 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.