What changed in this filing

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Item 2. Management’s Discussion and Analysis

2022-01-12 compared with 2021-10-18 · 25 added, 11 removed, 57 unchanged (39% of the section changed)

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.

Results of Operations Three and Nine-month periods

For the three-month periods ended August 31, 2021 and August 31, 2020, we had no revenue.

Expenses for the three-month period ended August 31, 2021 totaled $8,224 resulting in a net loss of $8,244, The net loss for the three-month period ended August 31, 2021 is a result of office and general expense of $8,244;

comprised primarily of professional fees of $6,645;

Results of Operations Three and Six-month periods

or the three-month periods ended November 30, 2021 and November 30, 2020, we had no revenue.

Expenses for the three-month period ended November 30, 2021 totaled $24,692 resulting in a net loss of $24,962, compared to expenses for the three-month period ended November 30, 2020, totaled $9,001 resulting in a net loss of $9,001.

The net loss for the three-month period ended November 30, 2021 is a result of office and general expense of $24,962 comprised primarily of professional fees of $23,500;

filing fees of $655;

telephone expenses of $28;

transfer agent expenses:

rent expenses of $179;

transfer agent expenses of $297;

and bank service charges of $33.

Expenses for the three-months ended August 31, 2020 totaled $6,762 resulting in a net loss of $6,762.

The net loss for the three-month period ended August 31, 2020 is a result of office and general expenses of $6,782;

comprised primarily of professional fees of $6,000;

Compared to expenses for the three-months ended November 30, 2020 is a result of office and general expenses of $9,001 comprised primarily of professional fees of $6,000;

filing fees of $1,833;

1 unchanged sentence

rent expense of $312;

transfer expenses of $796;

and bank service charges of $33.

The increase in expenses for the three-month period ended August 31, 2021 compared to August 31, 2020 is primarily due to an increase in professional fees and transfer agent expenses.

The increase in expenses for the three-month period ended November 30, 2021 compared to November 30, 2020 is primarily due to an increase in professional fees of $20,000 relating to the Depository Trust Company application fee.

For the six-month periods ended November 30, 2021 and November 30, 2020, we had no revenue.

Expenses for the six-month period ended November 30, 2021 totaled $32,916 resulting in a net loss of $32,916, compared to expenses for the six-month period ended November 30, 2020, totaled $15,763 resulting in a net loss of $15,763.

The net loss for the six-month period ended November 30, 2021 is a result of office and general expense of $32,916 comprised primarily of professional fees of $30,145;

filing fees of $1,228;

telephone expenses of $55;

rent expenses of $665;

transfer agent expenses of $757;

and bank service charges of $66.

Compared to expenses for the six-months ended November 30, 2020 is a result of office and general expenses of $15,763 comprised primarily of professional fees of $12,000;

filing fees of $2,333;

telephone expenses of $55;

rent expense of $513;

transfer agent expenses of $796;

and bank service charges of $66.

The increase in expenses for the six-month period ended November 30, 2021 compared to November 30, 2020 is primarily due to an increase in professional fees of $20,000 relating to the Depository Trust Company application fee.

Capital Resources and Liquidity

4 unchanged sentences

We must raise additional cash to implement our strategy and stay in business.

As of August 31, 2021, we had $319 of cash compared to $352 of cash as of May 31, 2021.

As of November 30, 2021, we had $134 of cash compared to $352 of cash as of May 31, 2021.

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 $117,058.

As at August 31, 2021, the Company has working capital deficit of $73,476.

As at November 30, 2021, the Company has working capital deficit of $98,168.

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.

What changed 10-Q

Item 2. Management’s Discussion and Analysis