8 unchanged sentences
Phase II, we intended to raise an additional $250,000 and we plan to use the majority of these funds to conduct social media marketing to support initial customer online sales and begin to market our complete product lines for sale and use in salons and spas.
−Removed: Within the next 12 to 24 months CocoLuv Inc.
+Added: Within the next 24 months CocoLuv Inc.
plans to begin manufacturing and the sale of the 5 different hair products.
38 unchanged sentences
We did not earn any revenues for the years ended May 31, 2021 and May 31, 2020.
−Removed: Expenses for the year ended May 31, 2020 totaled $36,452 consisting primarily of operating expenses of $36,452 resulting in a net loss of $36,452.
+Added: Expenses for the year ended May 31, 2021 totaled $30,689 consisting primarily of office expenses of $30,689 resulting in a net loss of $30,689.
Comprised of $24,500 in professional fees;
2 unchanged sentences
telephone expenses of $83;
−Removed: and bank services charges of $740.
+Added: transfer agent expenses of $1,390 and bank services charges of $132.
Expenses for the year ended May 31, 2020 totaled $36,452.
4 unchanged sentences
and bank services charges of $740.
−Removed: The increase in professional expenses from fiscal 2020 to fiscal 2019 was primarily due to the increase in consulting expenses.
+Added: The decrease in office and general expenses from fiscal 2021 to fiscal 2020 was primarily due to the decrease in expenses relating to professional fees.
Capital Resources and Liquidity
1 unchanged sentence
As of May 31, 2021, we had $352 of cash compared to $494 of cash as of May 31, 2020.
+Added: We also had $20,000 in prepaid expenses of $20,000 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.
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.