19 unchanged sentences
Our independent registered public accountant has issued an audit opinion which includes a statement expressing substantial doubt as to our ability to continue as a going concern.
−Removed: Results of Operations Three and Six-month periods
−Removed: For the three-month periods ended November 30, 2020 and November 30, 2019, we had no revenue.
−Removed: Expenses for the three-month period ended November 30, 2020 totaled $9,001 resulting in a net loss of $9,001, compared to expenses for the three-month period ended November 30, 2019, totaled $5,953 resulting in a net loss of $5,953.
−Removed: The net loss for the three-month period ended November 30, 2020 is a result of office and general expense of $9,001 comprised primarily of professional fees of $6,000;
+Added: Results of Operations Three and nine-month periods
+Added: For the three-month periods ended February 28, 2021 and February 29, 2020, we had no revenue.
+Added: Expenses for the three-month period ended February 28, 2021 totaled $12,299 resulting in a net loss of $12,299, compared to expenses for the three-month period ended February 29, 2020, totaled $15,711 resulting in a net loss of $15,711.
+Added: The net loss for the three-month period ended February 28, 2021 is a result of office and general expense of $12,299 comprised primarily of professional fees of $11,000;
filing fees of $510;
−Removed: telephone expenses of $27;
+Added: transfer expenses of $297;
rent expenses of $431;
−Removed: transfer agent expenses of $796;
−Removed: and bank service charges of $33.
−Removed: Compared to expenses for the three-months ended November 30, 2019 is a result of office and general expenses of $5,953 comprised primarily of professional fees of $3,900;
+Added: telephone fee $28 and bank service charges of $33.
+Added: Compared to expenses for the three-months ended February 29, 2020 is a result of office and general expenses of $15,711 comprised primarily of professional fees of $14,900;
filing fees of $500;
2 unchanged sentences
and bank service charges of $53.
−Removed: The increase in expenses for the three-month period ended November 30, 2020 compared to November 30, 2019 is primarily due to an increase in professional fees and filing fees during the period.
−Removed: For the six-month periods ended November 30, 2020 and November 30, 2019, we had no revenue.
−Removed: Expenses for the six-month period ended November 30, 2020 totaled $15,763 resulting in a net loss of $15,763, compared to expenses for the six-month period ended November 30, 2019, totaled $13,334 resulting in a net loss of $13,334.
−Removed: The net loss for the six-month period ended November 30, 2020 is a result of office and general expense of $15,763 comprised primarily of professional fees of $12,000;
+Added: The decrease in expenses for the three-month period ended February 21, 2021 compared to February 29, 2020 is primarily due to a decrease in professional fees during the period.
+Added: For the nine-month periods ended February 28, 2021 and February 29, 2020, we had no revenue.
+Added: Expenses for the nine-month period ended February 28, 2021 totaled $28,062 resulting in a net loss of $28,062, compared to expenses for the nine-month period ended February 29, 2020, totaled $29,045 resulting in a net loss of $29,045.
+Added: The net loss for the nine-month period ended February 28, 2021 is a result of office and general expense of $28,062 comprised primarily of professional fees of $23,000;
filing fees of $2,843;
3 unchanged sentences
and bank service charges of $99.
−Removed: Compared to expenses for the six-months ended November 30, 2019 is a result of office and general expenses of $13,334 comprised primarily of professional fees of $10,200;
+Added: Compared to expenses for the nine-months ended February 29, 2020 is a result of office and general expenses of $29,045 comprised primarily of professional fees of $25,100;
filing fees of $2,903;
2 unchanged sentences
and bank service charges of $292.
−Removed: The increase in expenses for the six-month period ended November 30, 2020 compared to November 30, 2019 is primarily due to an increase in professional fees during the period.
+Added: The decrease in expenses for the nine-month period ended February 28, 2021 compared to February 29, 2020 is primarily due to an decrease in filing fees during the period.
Capital Resources and Liquidity
4 unchanged sentences
We must raise additional cash to implement our strategy and stay in business.
−Removed: As of November 30, 2020, we had $428 of cash compared to $494 of cash as of May 31, 2020.
+Added: As of February 28, 2021, we had $385 of cash compared to $494 of cash as of May 31, 2020.
We anticipate that our current cash and cash equivalents and cash generated from financing activities will be insufficient to satisfy our liquidity requirements for the next 12 months.
To date, the Company has incurred operating losses since inception of $81,515.
−Removed: As at November 30, 2020, the Company has working capital deficit of $50,326.
+Added: As at February 28, 2021, the Company has working capital deficit of $62,625.
The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses.
20 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.