M2i Global, Inc. 10-K

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations for the year s ended November 30, 20 20 and 201 9 : Revenue During the year s ended November 30, 20 20 , and 2019 , we have not generated any revenues. Operating expenses Total operating expenses for the year s ended November 30, 20 20 and 201 9 were $ 1 9 , 19 5 and $ 15,385 . 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 ; Professional Fees of $ 420 and $ 949 ; Legal of $ 1,375 and $ 0 ; Rent Expense of $ 0 and $ 1, 950. Net Loss 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 As of November 30, 2020, the Company had cash of $11,312 ($391 as of November 30, 2019). Furthermore, the Company had a working capital deficit of $15,854 ($16,285 as of November 30, 2019). 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. 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. 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 We have no off-balance sheet arrangements including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits. Item 7A. Quantitative and Qualitative Disclosures about Market Risk Not applicable to smaller reporting companies.