What changed in this filing

/stocks — the workspaceLOADING

Item 2. Management’s Discussion and Analysis

2025-02-25 compared with 2024-11-14 · 70 added, 76 removed, 192 unchanged (43% of the section changed)

48 unchanged sentences

Results of Operations

Three Months Ended September 30, 2024, and September

Three Months Ended December 31, 2024, and December 31,

We have not generated any revenue since our inception and

1 unchanged sentence

We reported a net loss of $33,031 in the three months ended

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:

December 31, 2024 as compared to a gain of $13,796 in the three months ended December 31, 2023 and a net loss attributable to our common

stockholders of $87,649 in the three months ended December 31, 2024 as compared to a net loss attributable to our common stockholders

of $40.821 as of December 31, 2023 which is reflective of a dividend on our Preferred Stock of $54,618 at December 31, 2024 and $54,617

at December 31, 2023, respectively as follows:

Three Months ended

September 30,

Operating expenses:

4 unchanged sentences

Income (loss) from operations

Other income (expense)

Gain on settlement of debt

Interest Income (expense)

5 unchanged sentences

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.

for the three months ended December 31, 2024 decreased substantially over the three months ended December 31, 2023, with $33,031 at December

31, 2024 compared to total operating expenses of $55,196 at December 31, 2023.

The decrease in operating expenses during the three months

ended December 31, 2024, is mainly due to a decrease in legal and professional fees from $33,227 (December 31, 2023) to $12,176 (December

All other expenses remained relatively constant.

The decrease in legal and professional expenses was largely due to

a decrease in audit and accounting fees, filing fees and tax services related to increased audit fees in the three months ended December

31, 2023 related to our regulatory filings and a change in auditors in 2023 which increased our audit fees for the period.

Other Income (Expense)

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.

Other income in the three months ended December 31, 2024,

was nil, as compared to other income in the three months ended December 31, 2023, of $69,992, related to a gain on settlement of

debt of $71,242, offset by interest expense of $2,250 with no comparable expenses or gains in the three months ended December 31, 2024.

Dividends on Preferred Stock

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,

Dividends on Preferred Stock for the period ended December

31, 2024, and 2023 remained constant, at $54,618 and $54,617 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.

Nine Months Ended December 31, 2024, and December 31,

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,

We reported a net loss of $99,404 in the nine months ended

December 31, 2024 as compared to a net loss of $206,968 in the nine months ended December 31, 2023 and a net loss attributable to our

common stockholders of $263,258 in the nine months ended December 31, 2024 as compared to a net loss attributable to our common stockholders

of $306,328 as of December 31, 2023 which is reflective of a dividend on our Preferred Stock of $163,854 and $163,852 at December 31,

2024 and December 31, 2023 as follows:

Nine Months ended

Operating expenses:

4 unchanged sentences

Income (loss) from operations

Other income (expense)

Gain on extinguishment of debt

Interest Income (expense)

4 unchanged sentences

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.

Total operating expenses for the nine months

ended December 31, 2024, were $99,404 compared to total operating expenses of $206,968 for the nine months ended December 31, 2023.

decrease in operating expenses during the nine months ended December 31, 2024, is mainly due to reduction in consulting expenses from

$78,300 (December 31, 2023) to $1,250 (December 31, 2024) due to a consulting agreement with an independent third party settled by shares

valued at $78,300 which terminated in the period ended December 31, 2023.

The Company recorded a slight reduction in general and administrative

expenses from $56,141 in the nine months ended December 31, 2023, to $52,187 for the nine months ended December 31, 2024.

Rent remained

relatively constant for the nine months ended December 31, 2024, and 2023 with a slight decrease of $2,097 in the nine months ended December

Professional fees decreased from $58,595 (December 31, 2023) to $34,132 due to a change in auditors for the period ended December

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.

Other income in the nine months ended December 31, 2024, was nil, as compared

to other income in the nine months ended December 31, 2023, of $64,492, comprised of a gain in settlement of debt by the issuance

of stock in the amount of $71,242, offset by interest expense of $6,750 with no comparable expense in the nine months ended December 31,

2024, due to the repayment of outstanding loans in a prior period, with no outstanding loans for the nine months ended December 31, 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.

Dividends on Preferred Stock for the period ended December

31, 2024, and 2023 remained constant at $163,854 and $163,852 for each of the nine month periods ended December 31, 2024, and 2023.

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

For the Six Months Ended

September 30,

For the Nine Months Ended

Net Cash Used in Operating Activities

3 unchanged sentences

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 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.

Net cash used by operating activities was $89,329 for the

nine months ended December 31, 2024, compared to $62,772 for the nine months ended December 31, 2023.

Net cash used in operating activities for the nine months

ended December 31, 2024, was primarily the result of a net loss of $99,404, offset by non-cash items including accrued payroll of $36,000,

an increase in prepaid expenses of $3,028 and a decrease in accounts payable and accrued liabilities of $22,897.

Net cash used in operating activities for the nine months

ended December 31, 2023, was primarily the result of a net loss of $142,476 offset by a gain on settlement of debt of $71,242, and

non-cash items, including stock issued for outside services of $78,300, accrued interest of $6,750 and accrued payroll of $36,000.

in working capital include an increase to accounts payable and accrued liabilities of $30,032 and an increase in prepaid expenses of $136.

Investing Activities

There was no investing activity during the six months ended

September 30, 2024, and 2023.

There was no investing activity during the nine months ended

December 31, 2024 and 2023.

Financing Activities

Net cash provided by financing activities

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

Net cash provided by financing activities was $88,892 for

the nine months ended December 31, 2024, compared to $59,978 for the nine months ended December 31, 2023.

During the nine months

ended December 31, 2024, the Company received $88,892 in proceeds from a related party in the form of unsecured advances.

During the nine

months ended December 31, 2023, the Company received net proceeds of $79,978 from a related party in the form of unsecured advances.

activities for the nine months ended December 31, 2023 also included funds of $20,000 by way of a private placement and the repayment

of outstanding convertible debt of $40,000.

Liquidity and Capital Resources

We are in need of additional cash resources to maintain our

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

As of December 31, 2024, we had cash of $1,251 and prepaid expenses of $3,482.

We are in the early stage of development and

26 unchanged sentences

and has raised limited capital.

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

The Company had a net loss of $99,404 and $142,476 for the nine-month periods ended December 31, 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,

The Company’s accumulated deficit was $35,110,533 and $34,847,277 as of December 31, 2024, and March 31,

2024, respectively.

68 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.

What changed 10-Q

Item 2. Management’s Discussion and Analysis