What changed in this filing

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Item 1. Financial Statements

2023-08-14 compared with 2023-05-15 · 48 added, 35 removed, 385 unchanged (18% of the section changed)

10 unchanged sentences

5,000,000 shares authorized;

$ 0.001 par value 5,000,000 issued and outstanding at March 31, 2023 and December 31, 2022

$ 0.001 par value 5,000,000 issued and outstanding at

June 30, 2023 and December 31, 2022

Common stock:

250,000,000 shares authorized;

$ 0.001 par value 74,640,460 shares issued and outstanding at March 31, 2023 and

December 31, 2022

$ 0.001 par value 74,640,766 shares issued and

outstanding at June 30, 2023 and December 31, 2022

Additional Paid-in Capital

8 unchanged sentences

Three Months Ended

Six Months Ended

Operating Expenses

21 unchanged sentences

$ ( 123,546 )

Balance – June 30, 2023

$ ( 97,398,454 )

$ ( 132,777 )

Common Stock:

5 unchanged sentences

$ ( 97,318,835 )

$ ( 97,318,853 )

Balance – March 31, 2022

1 unchanged sentence

$ ( 97,338,353 )

Balance – June 30, 2022

$ ( 97,344,963 )

accompanying notes are an integral part of these financial statements.

1 unchanged sentence

OF CASH FLOWS

Three Months Ended

CASH FLOWS FROM OPERATING ACTIVITIES

131 unchanged sentences

The Company’s diluted loss per share is the same as the basic loss per share for

the three months ended March 31, 2023 and 2022, as there are no potential shares outstanding that would have a dilutive effect.

the six months ended June 30, 2023 and 2022, as there are no potential shares outstanding that would have a dilutive effect.

tax expense is based on pretax financial accounting income.

4 unchanged sentences

The Company recorded a valuation allowance against

its deferred tax assets as of March 31, 2023 and December 31, 2022.

its deferred tax assets as of June 30, 2023 and December 31, 2022.

Company accounts for uncertainty in income taxes using a two-step approach to recognizing and measuring uncertain tax positions.

19 unchanged sentences

4 – Related party transaction

the three months ended March 31, 2023, the Company’s current majority shareholder advanced $ 13,555 to the Company as working capital.

As of March 31, 2023 and December 31, 2022, the Company owed its current majority shareholders of $ 123,246 and $ 109,691 , respectively.

the six months ended June 30, 2023, the Company’s current majority shareholder advanced $ 21,735 to the Company as working capital.

As of June 30, 2023 and December 31, 2022, the Company owed its current majority shareholders of $ 131,426 and $ 109,691 , respectively.

The advances are non-interest bearing and are due on demand.

5 – Common stock

March 31, 2023, the Company is authorized to issue 250,000,000 shares of $ 0.001 par value common stock.

of March 31, 2023, a total of 74,640,460 shares of common stock with par value $ 0.001 remain outstanding.

June 30, 2023, the Company is authorized to issue 250,000,000 shares of $ 0.001 par value common stock.

of June 30, 2023, a total of 74,640,766 shares of common stock with par value $ 0.001 remain outstanding.

6 – Preferred stock

of March 31, 2023, a total of 5,000,000 shares of Series A-1 preferred stock with par value $ 0.001 is authorized and remain outstanding.

of June 30, 2023, a total of 5,000,000 shares of Series A-1 preferred stock with par value $ 0.001 is authorized and remain outstanding.

7 – Income Taxes

2 unchanged sentences

Temporary differences result primarily from the recording of tax benefits of net operating loss carry forwards.

of March 31, 2023, the Company has an insufficient history to support the likelihood of ultimate realization of the benefit associated

of June 30, 2023, the Company has an insufficient history to support the likelihood of ultimate realization of the benefit associated

with the deferred tax asset.

3 unchanged sentences

expenses in the statements of operations.

For the three months ended March 31, 2023 and 2022, the Company had no unrecognized tax benefits

For the six months ended June 30, 2023 and 2022, the Company had no unrecognized tax benefits

and related interest and penalties expenses.

41 unchanged sentences

Our independent accountants have expressed a “going concern”

As of March 31, 2023, we had an accumulated deficit of $97,389,223 and a net working capital deficit of $123,546.

As of June 30, 2023, we had an accumulated deficit of $97,398,454 and a net working capital deficit of $132,777.

our current burn rate is nominal, it is expected that our costs of operations will continue to exceed revenues, primarily due to the

48 unchanged sentences

in the length of time that the receivables are past due greater than the historical assumptions used, additional allowances may be required.

The Company has no accounts receivables and therefore as of March 31, 2023 and December 31, 2022, no allowance for doubtful accounts

is necessary.

The Company has no accounts receivables and therefore as of June 30, 2023 and December 31, 2022, no allowance for doubtful accounts is

Company follows the asset and liability method of accounting for future income taxes.

6 unchanged sentences

The Company’s effective tax rate approximates the Federal statutory rates.

of Operations for the Three Months Ended March 31, 2023 compared to the Three Months Ended March 31, 2022

of Operations for the Three and Six Months Ended June 30, 2023 compared to the Three and Six Months Ended June 30, 2022

the summer of 2014, the Company decided to discontinue all operations.

1 unchanged sentence

operations are determined and structured by the new major shareholder.

the three months ended March 31, 2023 and 2022, we generated no revenues.

expenses, during the three months ended March 31, 2023, was $12,022 compared to $19,500 during the three months ended March 31, 2022,

a decrease of $7,478 or 38%.

The decrease was mainly due to the lower general & administrative expenses and professional fees.

the three months ended March 31, 2023, the Company incurred a net loss of $12,022, compared to a net loss of $19,500 during the three

months ended March 31, 2022, a decrease of $7,478.

The decrease in net loss in the three months ended March 31, 2023 was primarily due

to the decrease in operating expenses.

the three and six months ended June 30, 2023 and 2022, we generated no revenues.

expenses, during the quarter ended June 30, 2023, was $9,231 compared to $6,610 during the quarter ended June 30, 2022, an increase of

$2,621 or 39.7%.

The increase was mainly due to the higher professional fees.

Operating expenses, during the six months ended June 30,

2023, was $21,253 compared to $26,110 during the six months ended June 30, 2022, a decrease of $4,857 or 18.6%.

The decrease was mainly

due to the lower general and administrative expenses.

the quarter ended June 30, 2023, the Company incurred a net loss of $9,231, compared to a net loss of $6,610 during the quarter ended

June 30, 2022, an increase of $2,621.

The increase in net loss in the quarter ended June 30, 2023 was primarily due to the increase in

operating expenses.

During the six months ended June 30, 2023, the Company incurred a net loss of $21,253, compared to a net loss of

$26,110 during the six months ended June 30, 2022, a decrease of $4,857.

The decrease in net loss in the six months ended June 30, 2023

was primarily due to the decrease in operating expenses.

and Capital Resources

of March 31, 2023 and December 31, 2022, we had a cash balance of $0.

Due to the lack of revenue, the company’s operations are

primarily funded by the Company’s CEO and major shareholder.

of June 30, 2023 and December 31, 2022, we had a cash balance of $0.

Due to the lack of revenue, the company’s operations are primarily

funded by the Company’s CEO and major shareholder.

the extent that the Company’s capital resources are insufficient to meet current or planned operating requirements, the Company

22 unchanged sentences

raise substantial doubt about the ability of the Company to continue as a going concern.

cash used in operating activities was $0 during the three months ended March 31, 2023 and 2022.

neither generated nor used cash in investing activities during the three months ended March 31, 2023 and 2022.

neither generated nor used cash in financing activities during the three months ended March 31, 2023 and 2022.

neither generated nor used cash in operating activities during the six months ended June 30, 2023 and 2022.

neither generated nor used cash in investing activities during the six months ended June 30, 2023 and 2022.

neither generated nor used cash in financing activities during the six months ended June 30, 2023 and 2022.

accompanying financial statements have been prepared assuming that the Company will continue as a going concern.

As shown in the accompanying

financial statements, we have incurred net losses of $12,022 and $19,500 for the three months ended March 31, 2023 and 2022, respectively,

and have a working capital deficit of $123,546 as of March 31, 2023, in addition to a stockholders’ deficit of $123,546, which

raise substantial doubt about the Company’s ability to continue as a going concern.

financial statements, we have incurred net losses of $21,253 and $26,110 for the six months ended June 30, 2023 and 2022, respectively,

and have a working capital deficit of $132,777 as of June 30, 2023, in addition to a stockholders’ deficit of $132,777, which raise

substantial doubt about the Company’s ability to continue as a going concern.

believes the Company will continue to incur losses and negative cash flows from operating activities for the foreseeable future and will

22 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 1. Financial Statements