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Item 2. Management’s Discussion and Analysis

2024-11-14 compared with 2024-08-22 · 105 added, 51 removed, 163 unchanged (49% of the section changed)

26 unchanged sentences

Report and the Company’s audited financial statements for the fiscal year ended March 31, 2024, as filed with the SEC in its Annual

Report on Form 10-K on August 15, 2024, along with the accompanying notes.

Report on Form 10-K/A on August 15, 2024, along with the accompanying notes.

As used in this Quarterly Report, the terms “we,”

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Results of Operations

Three Months Ended June 30, 2024 and June 30, 2023

Three Months Ended September 30, 2024, and September

We have not generated any revenue since our inception and

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We reported a net loss of $29,833 in the three months ended

June 30, 2024 as compared to a net loss of $123,977 in the three months ended June 30, 2023 as follows and a net loss attributable to

our common stockholders of $91,156 in the three months ended June 30, 2024 as compared to a net loss attributable to our common stockholders

of $180,845 as of June 30, 2023 which is reflective of a dividend on our Preferred Stock of $54,617 (June 30, 2024) and $54,618 (June

30, 2023) as follows:

September 30, 2024 as compared to a net loss of $30,045 in the three months ended September 30, 2023 and a net loss attributable to our

common stockholders of $84,452 in the three months ended September 30, 2024 as compared to a net loss attributable to our common stockholders

of $84,663 as of September 30, 2023 which is reflective of a dividend on our Preferred Stock of $54,618 at September 30, 2024 and September

30, 2023, respectively as follows:

Three Months ended

September 30,

Operating expenses:

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Net income (loss)

Dividend on Preferred Stock

Dividends on Preferred Stock

Net (loss) attributable to common stockholders

Operating Expenses

operating expenses for the three months ended June 30, 2024 were $36,539 compared to total operating expenses of $123,977 for the three

months ended June 30, 2023.

The decrease in operating expenses during the three months ended June 30, 2024 is mainly due to reduction

in consulting expenses from $78,300 (June 30, 2023) to $750 (June 30, 2024) and a reduction in legal and professional expenses of $24,070

in the three months ended June 30, 2023 to $14,546 for the three months ended June 30, 2024.

The reduction to legal and professional

fees over the comparative three month periods was a direct result of a decrease in audit costs over the comparative periods.

selling, and general and administrative expenses remained relatively constant.

Consulting fees decreased from $78,300 in the three months

ended June 30, 2023 to $750 in the three months ended June 30, 2024 as a result of a consulting agreement with an independent third party

settled by shares valued at $78,300 which was not renewed in the current year.

Total operating expenses

for the three months ended September 30, 2024, and September 30, 2023, remained relatively constant with $29,833 at September 30, 2024

compared to total operating expenses of $30,045 at September 30, 2023.

The increase in operating expenses during the three months ended

September 30, 2024, is mainly due to an increase in legal and professional fees from $1,298 (September 30, 2023) to $7,410 (September

30, 2024) offset by a reduction in general and administrative expenses from $21,852 in the three months ended September 30, 2023, to $18,332

for the three months e nded September 30, 2024.

Rent remained relatively constant.

The increase in legal and professional expenses

was largely due to an increase in audit and accounting fees, filing fees and tax services from $1,298 for the period ended September 30,

2023 to $7,410 for the period ended September 30, 2024 due to continuing costs related to the audit of our interim financial statements

following notice of effect for our Form 10 in November 2023.

Consulting fees increased by $500 from

$0 in the three months ended September 30, 2023, to $500 in the three months ended September 30, 2024.

Other Income (Expense)

Other income in the three months ended June 30, 2024

was nil, as compared to other income in the three months ended June 30, 2023 of $2,250, related to interest expense of $2,250 with

no comparable expense in the three months ended June 30, 2024.

Other income in the three months ended September 30,

2024, was nil, as compared to other income in the three months ended September 30, 2023, of $2,250, related to interest expense of

$2,250 with no comparable expense in the three months ended September 30, 2024.

Dividends on Preferred Stock

Dividends on Preferred Stock for the period ended June 30,

2024 and 2023 remained relatively constant, totaling $54,617 (2024) and $54,618 (2023).

These dividends on preferred stock are required

subject to the designation of the preferred stock and contribute to the net loss attributable to our common stockholders.

Dividends on Preferred Stock for the period ended September

30, 2024, and 2023 remained constant, at $54,618 for each period.

These dividends on preferred stock are required subject to the designation

of the preferred stock and contribute to the net loss attributable to our common stockholders.

Six Months Ended September 30, 2024, and September 30,

We have not generated any revenue since our inception and

do not expect to generate any revenue from the sale of products in the near future.

We reported a net loss of $66,372 in the six months ended

September 30, 2024 as compared to a net loss of $156,272 in the six months ended September 30, 2023 and a net loss attributable to our

common stockholders of $175,607 in the six months ended September 30, 2024 as compared to a net loss attributable to our common stockholders

of $265,507 as of September 30, 2023 which is reflective of a dividend on our Preferred Stock of $109,235 at September 30, 2024 and September

30, 2023 as follows:

Six Months ended

September 30,

Operating expenses:

Selling, General and Administrative Expenses

Legal and Professional Expenses

Consulting Expense

Total operating expenses

Income (loss) from operations

Other income (expense)

Interest Income (expense)

Total other income (expense)

Net income (loss)

Dividends on Preferred Stock

Net (loss) attributable to common stockholders

Operating Expenses

Total operating expenses

for the six months ended September 30, 2024, were $66,372 compared to total operating expenses of $151,772 for the six months ended September

The decrease in operating expenses during the six months ended September 30, 2024, is mainly due to reduction in consulting

expenses from $78,300 (September 30, 2023) to $1,250 (September 30, 2024) and a slight reduction in general and administrative expenses

from $38,816 in the six months ended September 30, 2023, to $34,931 for the six months ended September 30, 2024.

Rent, legal and professional

expenses remained relatively constant for the six months ended September 30, 2024, and 2023 with a slight decrease of $3,412 in the six

months ended September 30, 2024.

Consulting fees decreased from $78,300 in the six months ended September 30, 2023, to $1,250 in the six

months ended September 30, 2024, due to a consulting agreement with an independent third party settled by shares valued at $78,300 which

terminated in the period ended September 30, 2023.

Other Income (Expense)

Other income in the six months ended September 30, 2024,

was nil, as compared to other income in the six months ended September 30, 2023, of $4500, related to interest expense of $4,500

with no comparable expense in the six months ended September 30, 2024, due to the payment of outstanding loans with no outstanding loans

for the six months ended September 30, 2024.

Dividends on Preferred Stock

Dividends on Preferred Stock for the period ended September

30, 2024, and 2023 remained constant, $109,235 for each of the six month periods ended September 30, 2024, and 2023.

These dividends on

preferred stock are required subject to the designation of the preferred stock and contribute to the net loss attributable to our common

stockholders.

Operating Activities

Net cash used by operating activities was $20,744 for the

three months ended June 30, 2024 compared to $32,758 for the three months ended June 30, 2023.

For the Six Months Ended

September 30,

Net Cash Used in Operating Activities

for the three months ended June 30, 2024, was primarily the result of net loss of $36,539, offset by non-cash items including accrued

payroll of $12,000.

Changes in working capital accounts include a decrease in prepaid expenses of $38 and an increase in accounts payable

and accrued liabilities of $3,757.

Net Cash From Investing Activities

Net Cash From Financing Activities

Net Change in Cash

Cash at End of Period

Net cash used by operating activities

was $63,468 for the six months ended September 30, 2024, compared to $50,822 for the six months ended September 30, 2023.

Net cash used in operating activities

for the three months ended June 30, 2023 was primarily the result of net loss of $126,227, offset by non-cash items, including stock

issued for outside services of $78,300, accrued interest of $2,250 and accrued payroll of $12,000.

Changes in working capital include

an increase to accounts payable and accrued liabilities of $878 and a decrease in prepaid expenses of $41.

for the six months ended September 30, 2024, was primarily the result of a net loss of $66,372, offset by non-cash items including accrued

payroll of $24,000, an increase in prepaid expenses of $4,538 and a decrease in accounts payable and accrued liabilities of $16,558.

Net cash used in operating activities

for the six months ended September 30, 2023, was primarily the result of a net loss of $156,272, offset by non-cash items, including

stock issued for outside services of $78,300, accrued interest of $4,500 and accrued payroll of $24,000, and changes in working capital

including a decrease to accounts payable and accrued liabilities of $1,438 and a decrease in prepaid expenses of $88.

Investing Activities

There were no investing activities during the three months

ended June 30, 2024, and 2023.

There was no investing activity during the six months ended

September 30, 2024, and 2023.

Financing Activities

Net cash provided by financing activities

was $21,694 for the three months ended June 30, 2024, compared to $30,558 for the three months ended June 30, 2023.

three months ended June 30, 2024, the Company received $21,694 in proceeds from a related party in the form of unsecured advances.

the three months ended June 30, 2023, the Company received net proceeds of $30,558 from a related party in the form of unsecured advances.

was $67,913 for the six months ended September 30, 2024, compared to $49,102 for the six months ended September 30, 2023.

the six months ended September 30, 2024, the Company received $67,913 in proceeds from a related party in the form of unsecured advances.

During the six months ended September 30, 2023, the Company received net proceeds of $49,102 from a related party in the form of unsecured

Liquidity and Capital Resources

We are in need of additional cash resources to maintain our

As of June 30, 2024 we had cash of $2,638 and prepaid expenses of $416.

We are in the early stage of development and have

experienced net losses to date and have not generated revenue from operations which raises substantial doubt about our ability to continue

as a going concern.

There are a number of conditions that we must satisfy before we will be able to acquire, license and acquire products

and intellectual property, not the least of which is negotiating and financing any acquisitions.

As of September 30, 2024, we had cash of $6,133 and prepaid expenses of $4,992.

We are in the early stage of development and

have experienced net losses to date and have not generated revenue from operations which raises substantial doubt about our ability to

continue as a going concern.

There are a number of conditions that we must satisfy before we will be able to acquire, license and acquire

products and intellectual property, not the least of which is negotiating and financing any acquisitions.

We are in the process of identifying

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and has raised limited capital.

The Company had a net loss of $36,539 and $126,227 for the three months period ended June 30, 2024, and

The Company had a net loss of $66,372 and $156,272 for the six month periods ended September 30, 2024,

and 2023, respectively.

The Company’s accumulated deficit was $35,022,884 and $34,847,277 as of September 30, 2024, and March 31,

2024, respectively.

The Company’s accumulated deficit was $34,938,433 and $34,847,277 as of June 30, 2024, and March 31, 2024, respectively.

These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

The consolidated financial

statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary should

the Company be unable to continue as a going concern.

The consolidated

financial statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary

should the Company be unable to continue as a going concern.

The Company is taking certain steps to provide the necessary capital to continue

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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.

What changed 10-Q

Item 2. Management’s Discussion and Analysis