Management's Discussion and Analysis of Financial Condition and Results of Operations
−Removed: Results of Operations for the years ended November 30, 2019 and 2018:
−Removed: During the year ended November 30, 2019, and since our inception (June 12, 2018) to November 30, 2018, we have not generated any revenues.
+Added: Results of Operations for the year s ended November 30, 20 20 and 201 9 :
+Added: During the year s ended November 30, 20 20 , and 2019 , we have not generated any revenues.
Operating expenses
−Removed: Total operating expenses for the year ended November 30, 2019 and 2018 were $15,385 and $4,900.
−Removed: The operating expenses for the year ended November 30, 2019 and 2018 included Audit Fees of $12,030 and $0;
+Added: Total operating expenses for the year s ended November 30, 20 20 and 201 9 were $ 1 9 , 19 5 and $ 15,385 .
+Added: The operating expenses for the year s ended November 30, 20 20 and 201 9 included Audit Fees of $ 1 7 ,0 0 0 and $ 12,030 ;
Bank Service Charges of $ 4 00 and $ 456 ;
2 unchanged sentences
Rent Expense of $ 0 and $ 1, 950.
−Removed: Incorporation Fees of $0 and $1,408;
−Removed: Miscellaneous of $0 and $99.
−Removed: Our net loss for the year ended November 30, 2019, and since our inception (June 12, 2018) to November 30, 2018, was $15,385 and $4,900 accordingly.
+Added: Our net loss for the years ended November 30, 2020, and 2019, was $19,195 and $15,385, respectively.
Liquidity and Capital Resources and Cash Requirements
1 unchanged sentence
Furthermore, the Company had a working capital deficit of $15,854 ($16,285 as of November 30, 2019).
−Removed: During the year ended November 30, 2019, the Company used $15,435 of cash in operating activities due to its net loss $15,385 and decrease in Prepaid rent of $1,950 and decrease in Accounts Payable of $2,000.
−Removed: During the year ended November 30, 2018, the Company used $4,850 of cash in operating activities.
−Removed: During the year ended November 30, 2019 and 2018, the Company generated $10,676 and $10,000 of cash in financing activities.
+Added: During the year ended November 30, 2020, the Company used $19,574 of cash in operating activities due to its net loss $19,195 and increase in Prepaid Expenses of $379.
+Added: During the year ended November 30, 2019, the Company used $15,435 of cash in operating activities due to its net loss $15,385, decrease in Prepaid Rent of $1,950 and decrease in Accounts Payable of $2,000.
+Added: During the year ended November 30, 2020, the Company generated $30,495 ($10,676 as of November 30, 2019) of cash in financing activities which came from related-party loan of $10,869 ($10,676 as of November 30, 2019) and proceeds from sale of common stock of $19,626 ($0 as of November 30, 2019).
OFF BALANCE SHEET ARRANGEMENTS
3 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.