73 unchanged sentences
costs related to:
−Removed: (i) filing Exchange Act reports,
−Removed: (ii) investigating, analyzing and
−Removed: consummating an acquisition.
+Added: filing Exchange Act reports, and
+Added: investigating, analyzing and consummating an acquisition.
We believe we will be able to meet these costs
2 unchanged sentences
such funds will be advanced or that the Company will be able to secure any additional funding as needed.
−Removed: As of June 30, 2024, the Company
−Removed: had cash of $522.
−Removed: On December 10, 2021, in connection with advances made in connection with costs incurred by the Company, the Company
−Removed: issued a promissory note to Mark Tompkins, a stockholder and director of the Company, pursuant to which the Company agreed to repay Mr.
+Added: As of September 30, 2024, the
+Added: Company had cash of $2,069.
+Added: On December 10, 2021, in connection with advances made in connection with costs incurred by the Company, the
+Added: Company issued a promissory note to Mark Tompkins, a stockholder and director of the Company, pursuant to which the Company agreed to
Tompkins the sum of any and all amounts that Mr.
−Removed: Tompkins may advance to the Company on or before the date that the Company consummates
−Removed: a business combination with a private company or reverse takeover transaction or other transaction after which the Company would cease
−Removed: to be a shell company (as defined in Rule 12b-2 under the Exchange Act).
−Removed: The Company has used the proceeds from the note to cover its
−Removed: Tompkins has no obligation to advance funds to the Company under the terms of the note, it is anticipated that
−Removed: he may advance funds to the Company as fees and expenses are incurred in the future.
−Removed: As a result, the Company issued the note in anticipation
−Removed: of such advances.
−Removed: Interest shall not accrue on the outstanding principal amount of the note except if an Event of Default (as defined
−Removed: in the note) has occurred.
−Removed: In the event of an Event of Default, the entire note shall automatically become due and payable (the “Default
−Removed: Date”) and starting from five (5) days after the Default Date, the interest rate on the note shall accrue at the rate of eighteen
−Removed: percent (18%) per annum.
−Removed: As of June 30, 2024, the total amount due under the note was $122,025.
−Removed: The note is filed herewith as Exhibit
−Removed: Except as disclosed herein, we currently have no other agreements or specific arrangements in place with our stockholders, management
−Removed: or other investors.
+Added: Tompkins may advance to the Company on or before the date that the Company
+Added: consummates a business combination with a private company or reverse takeover transaction or other transaction after which the Company
+Added: would cease to be a shell company (as defined in Rule 12b-2 under the Exchange Act).
+Added: The Company has used the proceeds from the note to
+Added: cover its expenses.
+Added: Tompkins has no obligation to advance funds to the Company under the terms of the note, it is anticipated
+Added: that he may advance funds to the Company as fees and expenses are incurred in the future.
+Added: As a result, the Company issued the note in
+Added: anticipation of such advances.
+Added: Interest shall not accrue on the outstanding principal amount of the note except if an Event of Default
+Added: (as defined in the note) has occurred.
+Added: In the event of an Event of Default, the entire note shall automatically become due and payable
+Added: (the “Default Date”) and starting from five (5) days after the Default Date, the interest rate on the note shall accrue at
+Added: the rate of eighteen percent (18%) per annum.
+Added: As of September 30, 2024, the total amount due under the note was $134,525.
+Added: filed herewith as Exhibit 10.1.
+Added: Except as disclosed herein, we currently have no other agreements or specific arrangements in place with
+Added: our stockholders, management or other investors.
Our ability to continue as a going concern is
6 unchanged sentences
assurance of additional funding being available.
−Removed: As of June 30, 2024, the Company had $522 of cash
−Removed: and has not earned any revenues from operations to date.
+Added: As of September 30, 2024, the Company had $2,069
+Added: of cash and has not earned any revenues from operations to date.
In the next 12 months, we expect to incur expenses equal to approximately
−Removed: related to legal, accounting, audit, and other professional service fees incurred in relation to the Company’s Exchange Act filing
−Removed: requirements.
−Removed: The costs related to the acquisition of a business combination target company vary widely and are dependent on a variety
−Removed: of factors including, but not limited to, the amount of time it takes to complete a business combination, the location of the target company,
−Removed: the size and complexity of the business of the target company, whether stockholders of the Company prior to the transaction will retain
−Removed: equity in the Company, the scope of the due diligence investigation required, the involvement of the Company’s auditors in the transaction,
−Removed: possible changes in the Company’s capital structure in connection with the transaction, and whether funds may be raised contemporaneously
−Removed: with the transaction.
−Removed: Therefore, we believe such costs are unascertainable until the Company identifies a business combination target.
+Added: $40,000 related to legal, accounting, audit, and other professional service fees incurred in relation to the Company’s Exchange
+Added: Act filing requirements.
+Added: The costs related to the acquisition of a business combination target company vary widely and are dependent on
+Added: a variety of factors including, but not limited to, the amount of time it takes to complete a business combination, the location of the
+Added: target company, the size and complexity of the business of the target company, whether stockholders of the Company prior to the transaction
+Added: will retain equity in the Company, the scope of the due diligence investigation required, the involvement of the Company’s auditors
+Added: in the transaction, possible changes in the Company’s capital structure in connection with the transaction, and whether funds may
+Added: be raised contemporaneously with the transaction.
+Added: Therefore, we believe such costs are unascertainable until the Company identifies a
+Added: business combination target.
These conditions raise substantial doubt about our ability to continue as a going concern.
−Removed: The Company is currently devoting its efforts
−Removed: to locating merger candidates.
−Removed: The Company’s ability to continue as a going concern is dependent upon our ability to develop additional
−Removed: sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations.
+Added: The Company is
+Added: currently devoting its efforts to locating merger candidates.
+Added: The Company’s ability to continue as a going concern is dependent
+Added: upon our ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve
+Added: profitable operations.
The Company may consider acquiring a business,
62 unchanged sentences
Liquidity and Capital Resources
−Removed: As of June 30, 2024, the Company had total assets
−Removed: equal to $522 comprised exclusively of cash.
−Removed: The Company’s current liabilities as of June 30, 2024 totaled $132,725 and was comprised
−Removed: of accounts payable and accrued expenses and amounts due under a note payable to a stockholders.
−Removed: The Company can provide no assurance
−Removed: that it can continue to satisfy its cash requirements for at least the next twelve months.
+Added: As of September 30, 2024, the Company had total
+Added: assets equal to $2,069 comprised exclusively of cash.
+Added: The Company’s current liabilities as of September 30, 2024 totaled $145,225
+Added: and was comprised of accounts payable and accrued expenses and amounts due under a note payable to a stockholder.
+Added: The Company can provide
+Added: no assurance that it can continue to satisfy its cash requirements for at least the next twelve months.
The following is a summary of the Company’s
cash flows provided by (used in) operating and financing activities:
−Removed: For the six months ended
+Added: For the Nine Months Ended
+Added: September 30,
Net Cash Used In Operating Activities
26 unchanged sentences
interest rate on the note shall accrue at the rate of eighteen percent (18%) per annum.
−Removed: As of June 30, 2024, the total amount due under
−Removed: the note was $122,025.
+Added: As of September 30, 2024, the total amount due
+Added: under the note was $134,525.
Results of Operations
2 unchanged sentences
No revenue has been generated by the Company for the
−Removed: six months ended June 30, 2024.
−Removed: It is unlikely the Company will have any revenues unless it is able to effect an acquisition or merger
−Removed: with an operating company, of which there can be no assurance.
−Removed: It is management’s assertion that these circumstances may hinder
−Removed: the Company’s ability to continue as a going concern.
−Removed: The Company’s plan of operation for the next twelve months shall be
−Removed: to continue its efforts to locate suitable acquisition candidates.
−Removed: three months ended June 30, 2024, and 2023, the Company had a net loss of $11,461 and $12,837, respectively, and for the six months ended
−Removed: June 30, 2024 and 2023, the Company had a net loss of $22,752 and $25,636 respectively , comprised of accounting, audit and other
−Removed: professional service fees incurred in relation to the preparation and filing of the Company’s SEC filings and general and administrative
+Added: nine months ended September 30, 2024.
+Added: It is unlikely the Company will have any revenues unless it is able to effect an acquisition or
+Added: merger with an operating company, of which there can be no assurance.
+Added: It is management’s assertion that these circumstances may
+Added: hinder the Company’s ability to continue as a going concern.
+Added: The Company’s plan of operation for the next twelve months shall
+Added: be to continue its efforts to locate suitable acquisition candidates.
+Added: three months ended September 30, 2024, and 2023, the Company had a net loss of $10,953 and $10,878, respectively, and for the nine months
+Added: ended September 30, 2024 and 2023, the Company had a net loss of $33,705 and $36,514 respectively , comprised of accounting, audit
+Added: and other professional service fees incurred in relation to the preparation and filing of the Company’s SEC filings and general
+Added: and administrative expenses.
In the next 12 months, we expect to incur expenses
41 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.